UAE and Germany Deepen Energy Ties

07 Feb UAE and Germany Deepen Energy Ties

(Oilandgaspress) -] The Chancellor of the Federal Republic of Germany, His Excellency Friedrich Merz, visited ADNOC’s Headquarters during his official visit to the UAE. The visit builds on the €14.7 billion investment to support Covestro’s long-term growth as a German industrial champion by XRG, ADNOC’s international energy investment company, and underscores ADNOC’s central role in advancing the UAE-Germany strategic energy partnership.

His Excellency Dr. Sultan Ahmed Al Jaber, UAE Minister of Industry and Advanced Technology, Managing Director and Group CEO of ADNOC, Chairman of Masdar and Executive Chairman of XRG, welcomed Chancellor Merz and his delegation, alongside senior executives from ADNOC, XRG and Masdar.

During the visit, Chancellor Merz was briefed on how ADNOC is set to help meet Germany’s growing energy needs with more liquefied natural gas (LNG) supplies, building on its recent offtake agreements for 1.6 million tonnes per annum (mtpa) of LNG with German companies from the Ruwais LNG project. Additionally, ADNOC is currently supplying 0.7 mtpa of LNG to German customers from its legacy facilities until the Ruwais LNG project comes online. The Chancellor was given a tour of ADNOC’s state-of-the-art Panorama Digital Command Center and Artificial Intelligence (AI) Lab and shown how the company is integrating AI from the control room to the board room and deploying advanced technology to maximize value and efficiency.

During the visit, ADNOC and RWE Supply & Trading GMBH (RWE) announced a strategic collaboration agreement to explore opportunities for LNG supply to Germany and European markets of up to 1 mtpa for up to 10 years. As part of the agreement, both companies will also explore collaboration in LNG trading, regasification capacity in Germany and Europe and broader opportunities across the gas and LNG value chain.

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