Germany secures single LNG tanker from UAE – media – RT Business News

German utility RWE has signed an agreement with Abu Dhabi National Oil Company (ADNOC) for the delivery of liquefied natural gas (LNG), the company announced on Sunday.

The deal covers only one tanker so far: a shipment of 137,000 cubic meters of LNG to be delivered by Abu Dhabi’s national oil company to RWE in late December or early 2023, Bloomberg reported, citing the company announcement. Separately, RWE also announced that it will partner with UAE-based Masdar to explore offshore wind energy projects and supply 250,000 tonnes of diesel per month in 2023 to German fuel distributor Wilhelm Hoyer.

The agreement also includes a memorandum of understanding for more LNG deliveries next year, but the document is non-binding and it is unclear how many more LNG deliveries Germany can expect.

The agreement was signed during the trip of German Chancellor Olaf Scholz to Abu Dhabi during a tour of the Gulf countries.

« We need to ensure that the production of LNG in the world is advanced to the point where the strong demand that exists can be met without having to resort to the production capacity that exists in Russia.« Scholz told reporters before the deal was announced.

After the United Arab Emirates, Scholz traveled to Qatar. However, according to Scholz’s statement released after the meeting with the Emir of Qatar, no agreement on LNG supply has been reached there. The two countries have been in talks over LNG supply for several months, so far to no avail, with Berlin hesitant to strike long-term contracts with Doha.

Germany urgently needs more gas supplies as it struggles to find substitutes for Russian gas after Russia shut down the Nord Stream 1 gas pipeline citing technical problems and sanctions last month. Media reported on protests in Germany on Sunday, with many calling for the launch of Russia’s Nord Stream 2 pipeline, a new pipeline to transport gas from Russia to Germany but which is not yet operational due to sanctions and bureaucratic setbacks.

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