UAE agrees 'energy security' deal to supply Germany with gas and diesel

26-09-2022 01:40 PM

Ammon News - The United Arab Emirates (UAE) on Sunday agreed an "energy security" deal with Germany to supply liquefied natural gas (LNG) and diesel, as Berlin searches for new power sources to replace Russian supplies.

Emirati Industry Minister Sultan Ahmed Al Jaber called it a "landmark new agreement" that "reinforces the rapidly growing energy partnership between the UAE and Germany", at a signing attended by German Chancellor Olaf Scholz, the UAE's state news agency WAM reported.

Scholz was on a visit to the UAE as part of a Gulf tour that also includes stops in Saudi Arabia and Qatar.

The president met with Emirati counterpart Sheikh Mohammed bin Zayed Al Nahyan, who said on Twitter afterwards that they had discussed "further opportunities for cooperation in areas including energy security, emissions reduction and climate action".

Scholz said he "welcomed" the "energy security" agreement, WAM said.
As part of the deal, the UAE will provide "an LNG cargo for delivery in late 2022, to be used in the commissioning of Germany's floating LNG import terminal at Brunsbuettel", a North Sea port, the WAM report added.

UAE state oil company ADNOC completed its first ever direct diesel delivery to Germany this month and will "supply up to 250,000 tonnes of diesel per month in 2023", it said.

"ADNOC has reserved a number of further LNG cargoes exclusively for German customers in 2023," it said.

Sunday was the second and final day of Scholz's Gulf tour, which he hoped would seal new energy deals to replace Russian supplies and mitigate the energy crisis resulting from Moscow's invasion of Ukraine.

On Saturday, he met in Jeddah with Saudi Arabia's de facto leader, Crown Prince Mohammed bin Salman, and on Sunday afternoon he arrived in gas-rich Qatar to hold talks with Emir Sheikh Tamim bin Hamad Al Thani.

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