Germany and the United Arab Emirates (UAE) have entered into a new Energy Security and Industry Accelerator (ESIA) Agreement that will accelerate projects of joint interest between the two countries in energy security, decarbonisation and climate action.
The agreement was signed by Sultan Ahmed Al Jaber, UAE Minister of Industry and Advanced Technology, UAE Climate Special Envoy, and managing director and group CEO of the Abu Dhabi National Oil Company (ADNOC), and Franziska Brantner, Parliamentary State Secretary for Economic Affairs and Climate Action of Government of Germany.
The signing of the agreement took place while German Chancellor Olaf Scholz was on a two-day visit to the Gulf region.
As part of the agreement, ADNOC entered into a liquefied natural gas (LNG) supply deal with RWE, under which ADNOC will provide an LNG cargo for delivery in late 2022, to be used in the commissioning of Germany’s floating LNG import terminal at Brunsbüttel.
In addition, ADNOC has reserved a number of further LNG cargos exclusively for German customers in 2023.—World Maritime New