ADNOC, RWE sign LNG pact
Germany’s RWE has reached agreements with Abu Dhabi National Oil Company (ADNOC) on LNG supplies, it said on September 25.
The first LNG cargo will be delivered to Elbehafen LNG at Brunsbuttel, near Hamburg. Elbehafen LNG will operate one of the two floating storage and regasification unit (FRSU), that RWE chartered on behalf of the German government.
The cargo is expected to be shipped from Das Island, Abu Dhabi, and to arrive in Germany in late December 2022. The cargo delivered will be for 137,000 m3 and will be the first LNG to be supplied to the German gas market via the floating LNG import terminal at Brunsbuttel, RWE said.
“This marks an important milestone in building up an LNG supply infrastructure in Germany and setting up a more diversified gas supply,” RWE said.
Furthermore, the two companies have signed a memorandum of understanding (MoU) on multi-year LNG supplies where cargoes will be delivered to Germany starting from 2023. LNG supplies from ADNOC can be delivered to Germany through either floating or land-based regasification terminals as these become operational.
Meanwhile, RWE has signed a pact with Masdar, Abu Dhabi’s flagship renewable energy company, on cooperation in offshore wind. The companies will focus on jointly exploring the potential to grow their portfolios in offshore wind in key global markets.