Article content
Abu Dhabi National Oil Co. signed a contract to deliver liquefied natural gas to Germany as the European nation’s chancellor tours the Gulf states looking to firm up energy supplies for the continent’s biggest economy.
Article content
The deal comes as Olaf Scholz makes the second stop in his weekend trip. On Saturday, he was in Saudi Arabia and, after the United Arab Emirates, he’s slated to head to Qatar. He’s accompanied by a delegation that includes the chief executive officers of ThyssenKrupp AG, SAP, Airbus and Siemens Energy.
Under the agreement announced Sunday, ADNOC is expected to deliver the gas to RWE AG as soon as late December. More deliveries will be made next year. The amount of gas wasn’t specified.
“We must ensure that the coalition on liquefied natural gas in the world is advancing to the point where the high demand can be met,” Scholz said in Abu Dhabi.
Article content
Germany is setting up floating LNG import terminals, and some facilities are expected to be ready this winter.
Read also: Germany’s Scholz in Saudi Arabia as Gas Crunch Bites Economy
The deal is a boost for Scholz as the government struggles to offset Russian deliveries after the Kremlin shut down a key pipeline. Officials have grown increasingly concerned about blackouts and rationing this winter, and the economy is hurtling toward a recession.
In Qatar, Scholz and the nation’s emir are expected to discuss long-term plans for shipments of gas and hydrogen. Qatar’s energy minister said Saturday that talks with RWE and Uniper SE for long-term LNG contracts are ongoing.
Stay connected with us on social media platform for instant update click here to join our Twitter, & Facebook
We are now on Telegram. Click here to join our channel (@TechiUpdate) and stay updated with the latest Technology headlines.
For all the latest Business News Click Here
For the latest news and updates, follow us on Google News.
Denial of responsibility! NewsAzi is an automatic aggregator around the global media. All the content are available free on Internet. We have just arranged it in one platform for educational purpose only. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials to their authors. If you are the owner of the content and do not want us to publish your materials on our website, please contact us by email – [email protected]. The content will be deleted within 24 hours.
