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Germany’s RWE inks LNG, energy security with 2 Emirati companies

Germany’s RWE inks LNG, energy security with 2 Emirati companies

Arab Finance: German utility RWE has entered two agreements with Emirati companies; Abu Dhabi National Oil company (ADNOC) and Masdar, according to a press release published by RWE on September 25th.

 The first agreement has been signed between RWE and ADNOC for supplying liquified natural gas (LNG) to Elbehafen LNG at Brunsbüttel, near Hamburg, Germany.

As per the deal, the first cargo of 137,000 cubic meters LNG is set to be shipped from Das Island, Abu Dhabi, to Germany in late December.

The German company and ADNOC also signed a memorandum of understanding (MoU) on multi-year LNG supplies, under which the shipments will be delivered to Germany as of 2023.

Moreover, RWE and Masdar have signed a MoU to jointly explore potential growth in offshore wind in key global markets.

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