ADNOC and partners sign €5 bn‑plus deals with German firms. The UAE and Germany are building on decades of trusted partnership to advance economic growth and shared prosperity for the long‑term.
ADNOC and Masdar signed a Letter of Intent with RWE Supply & Trading to develop up to two long‑term LNG sales and purchase contracts.
These agreements underscore the UAE's commitment to expanding its energy and industrial ties with Germany.
United Arab Emirates state-owned players Abu Dhabi National Oil Company (Adnoc), XRG and Masdar have signed multiple agreements with leading German companies across energy, industry and advanced technology, including liquefied natural gas supply deals, aimed at unlocking billions of dollars in investments.
ADNOC and RWE Supply & Trading, a German electric power distribution company, signed a Letter of Intent (LoI) to advance up to two long-term LNG sales and purchase agreements for deliveries to Germany, Europe and Asian markets. The LNG is expected to come from ADNOC Gas’ and XRG’s growing portfolio, including projects in Ruwais, Das, Rio Grande, Mozambique and Argentina, with supplies targeted to begin in the early 2030s.
Source: https://egyptoil-gas.com/news/uae-germany-seal-energy-ai-partnerships-enabling-e5-bn-investment