UAE agrees to supply Germany with gas, diesel

Agencies | Dubai          

The Daily Tribune – www.newsofbahrain.com

The United Arab Emirates agreed yesterday an “energy security” deal with Germany to supply liquefied natural gas and diesel as Berlin searches for new power sources to replace Russian supplies.

Emirati industry minister Sultan Ahmed Al Jaber called it a “landmark new agreement” that “reinforces the rapidly growing energy partnership between the UAE and Germany”, at a signing attended by German Chancellor Olaf Scholz, the UAE’s state news agency WAM reported.

He met with Emirati President Sheikh Mohamed bin Zayed Al-Nahyan, who said on Twitter afterwards they had discussed “further opportunities for cooperation in areas including energy security, emissions reduction and climate action”.

The German leader said he “welcomed” the “energy security” agreement, WAM said. As part of the deal, the UAE will provide “an LNG cargo for delivery in late 2022, to be used in the commissioning of Germany’s floating LNG import terminal at Brunsbuettel”, a North Sea port, the WAM report added.

UAE state oil company ADNOC completed its first ever direct diesel delivery to Germany earlier this month, and will “supply up to 250,000 tons of diesel per month in 2023”, it said. “ADNOC has reserved a number of further LNG cargos exclusively for German customers in 2023,” it said.

Sunday was the second and final day of Scholz’s Gulf tour, which he hoped would seal new energy deals to replace Russian supplies and mitigate the energy crisis resulting from Moscow’s invasion of Ukraine. On Saturday, he met in Jeddah with Saudi Crown Prince Mohammed bin Salman, and on Sunday afternoon he arrived in gas-rich Qatar to hold talks with Emir Sheikh Tamim bin Hamad Al-Thani.