UAE strikes 15-year LNG deal with Germany

In a significant move consolidating Europe’s dependence on fossil fuels, the United Arab Emirates (UAE) has inked a deal to supply liquefied natural gas (LNG) to Germany for 15 years starting in 2028, as reported by Bloomberg. The agreement underscores the UAE’s ambition to establish itself as a prominent energy supplier in the region.

Abu Dhabi National Oil Co. (Adnoc) and the German state-owned energy group SEFE have reached a preliminary agreement for the annual shipment of 1 million tons of LNG. The LNG will be sourced from an export facility in Ruwais, near Abu Dhabi, with plans for its construction announced by Adnoc.