Germany and the United Arab Emirates (UAE) have entered into a new Energy Security and Industry Accelerator (ESIA) Agreement that will accelerate projects of joint interest between the two countries in energy security, decarbonisation and climate action.
The agreement was signed by Sultan Ahmed Al Jaber , UAE Minister of Industry and Advanced Technology, UAE Climate Special Envoy, and managing director and group CEO of the Abu Dhabi National Oil Company (ADNOC), and Franziska Brantner , Parliamentary State Secretary for Economic Affairs and Climate Action of Government of Germany.
The signing of the agreement took place this weekend while German Chancellor Olaf Scholz was on a two-day visit to the Gulf region.
Related Article German Chancellor’s Africa tour seen as critical step to energy security Outlook & Strategy As part of the agreement, ADNOC entered into a liquefied natural gas (LNG) supply deal with RWE, under which ADNOC will provide an LNG cargo for delivery in late 2022, to be used in the commissioning of Germany’s floating LNG import terminal at Brunsbüttel.
In addition, ADNOC has reserved a number of further LNG cargos exclusively for German customers in 2023.
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Furthermore, RWE signed a memorandum of understanding (MoU) with Abu Dhabi’s renewable energy company Masdar to jointly explore the potential to grow their portfolios in offshore wind in key global markets.
ADNOC has also entered into a number of agreements with German customers, including Steag GmbH and Aurubis AG for demonstration cargos of low-carbon ammonia , a carrier fuel for hydrogen that can play a critical role in decarbonising hard-to-abate industry sectors, Emirates News Agency (WAM) informed.
The first of these cargoes arrived in Hamburg earlier this month as Germany and UAE anticipate exploring further opportunities to accelerate growth and collaboration across the hydrogen value chain.
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During the event, it was also announced that ADNOC had completed the UAE’s first ever direct diesel delivery to Germany in September 2022, and has agreed on the terms with Wilhelm Hoyer GmbH & Co. KG to supply up to 250,000 tons of diesel per month in 2023.
Olaf Scholz welcomed the signing of the Energy Security and Industry Accelerator adding that it will enable the swift implementation of strategic lighthouse projects on the focus areas of renewable energies , hydrogen , LNG and climate action.
Sultan Al Jaber said: “This landmark new agreement reinforces the rapidly growing energy partnership between the UAE and Germany. As we embrace the energy transition, ADNOC is fully committed to accelerate and invest in projects of energy security, decarbonisation and climate action as we continue to be a responsible and reliable provider and trusted exporter of low-carbon energy.”