Abu dhabi: ADNOC Gas Plc and its subsidiaries have announced a three-year agreement to supply liquefied natural gas (LNG) to Germany’s SEFE Securing Energy for Europe. The contract, valued at approximately $400 million (AED1.5 billion), will deliver 0.7 million tonnes of LNG, with shipments beginning this year.
According to Emirates News Agency, the LNG will be sourced from ADNOC Gas’ Das Island liquefaction facility, a significant asset with a production capacity of 6 million tonnes per annum. Since its inception in 1977, the facility has dispatched over 3,500 LNG cargoes globally, cementing ADNOC Gas’ relationships with key international energy partners.
Fatema Al Nuaimi, Chief Executive Officer of ADNOC Gas, emphasized the importance of the agreement in strengthening ties with SEFE and supporting Germany’s energy security. The deal highlights ADNOC Gas’ commitment to being a reliable energy provider while achieving its strategic objectives and creating long-term value for partners and stakeholders.
This agreement builds on the UAE and Germany’s strategic collaboration, including initiatives like the 2022 Energy Security and Industry Accelerator pact and the upcoming 2024 Joint Declaration with Baden-Wrttemberg, aimed at promoting energy security and sustainable fuel development.
Fr©d©ric Barnaud, Chief Commercial Officer of SEFE, expressed satisfaction with the ongoing partnership with ADNOC. He noted that the new contract complements their existing long-term supply agreement, providing a flexible LNG source beneficial to Europe’s energy security and global market activities.
ADNOC Gas plays a pivotal role in ADNOC’s strategy to boost natural gas production and expand LNG exports. Natural gas is seen as a crucial transitional fuel due to its lower carbon emissions and its role as a raw material in industrial processes.
SEFE is dedicated to ensuring energy security in Germany and Europe through a diversified portfolio and robust global partnerships. By collaborating with leading LNG and natural gas producers, SEFE aims to secure reliable energy sources for Germany and beyond.