UAE in 15-Year Germany Gas Deal in Boost to Energy Security
- Adnoc to supply SEFE with 1 million tons of LNG per year
- Supply from Adnoc’s planned Ruwais LNG plant to start in 2028
The Ruwais refinery complex under construction in Al Ruwais, United Arab Emirates.
Photographer: Christopher Pike/BloombergThis article is for subscribers only.
The United Arab Emirates agreed to sell liquefied natural gas to Germany for 15 years starting 2028, in a deal that further cements Europe’s fossil fuel use and underpins the Middle Eastern country’s plan to become a key supplier.
Abu Dhabi National Oil Co. signed a preliminary accord to send 1 million tons of LNG a year to German state-owned energy group SEFE, the companies said in separate statements. Adnoc will supply the fuel from an LNG export facility it plans to build in Ruwais near Abu Dhabi, according to the statements.