RWE signs offshore wind and LNG deal with Abu Dhabi company

The company signed an agreement with Masdar, Abu Dhabi’s flagship renewable energy company, for offshore wind cooperation. The MoU RWE signed with Masdar will focus on jointly exploring the potential to develop an offshore wind portfolio in key global markets. Under the MoU, the two companies will evaluate opportunities in a number of different countries.

RWE also revealed that it had signed an agreement with the Abu Dhabi National Oil Company (ADNOC) to supply the first LNG cargoes to “Elbehafen LNG” in Brunsbüttel, near Hamburg, Germany. Elbehafen LNG will operate one of two floating storage and regasification units (FRSU) leased by RWE on behalf of the German government. The shipment is expected to be dispatched from Das Island in Abu Dhabi and arrive in Germany in late December 2022. The cargo delivered by ADNOC will be 137,000 cubic meters of LNG and will be the first LNG to be supplied to the German gas market via Brunsbüttel’s floating LNG import terminal.

In addition, the two companies signed a memorandum of understanding (MoU) for multi-year LNG supply, with cargoes to be shipped to Germany starting in 2023. ADNOC’s LNG supply can be delivered to Germany via floating or land-based regasification terminals, as these become operational.

PhD. Markus Krebber, CEO of RWE AG: “As RWE, we are committed to actively supporting the German government in ensuring that energy supplies are as safe as possible. I am even more pleased to announce our agreement with ADNOC on the first LNG cargo to our floating LNG terminal in Brunsbüttel Agreement, as well as our Memorandum of Understanding to further deliver LNG to Germany. Accelerating the energy transition remains key to addressing the current energy crisis and climate crisis. This is what we are doing at RWE, investing heavily in renewable energy projects— — On our own and with our partners. I am delighted that we will be joining forces with Masdar, a well-known and reliable partner of RWE for many years at our London Array offshore wind farm. Together we will explore how our collaborations in offshore wind can be combined Potential for scope expansion to more projects.”


His Excellency Dr. Sultan Ahmed Al Jaber, UAE Minister of Industry and Advanced Technology, ADNOC Managing Director and Group CEO and Masdar Chairman, said: “Our first LNG agreement with a German customer builds on the longstanding bilateral relationship between the UAE and Germany. As a customer-focused business, ADNOC is accelerating its gas production and processing capabilities to meet global demand for Growing demand for LNG, a key fuel in today’s energy mix and in the energy transition. In addition, Masdar, the UAE’s renewable and green hydrogen powerhouse, signed an important agreement with RWE Collaborating on this offshore wind project supports our broader efforts to expand renewable energy capacity and meet the world’s clean energy needs.”