Germany gets LNG supply from UAE, may deliver first cargo by December

German utility RWE AG has secured another source of LNG supply in a deal with the Abu Dhabi National Oil Company (ADNOC) that could see more cargoes to the developing import terminal in Germany in December.

RWE and United Arab Emirates (UAE) State-owned ADNOC The companies disclosed that they agreed to a multi-year LNG supply contract starting in 2023. As part of the Memorandum of Understanding (MOU), ADNOC expects to ship a 137,000 cubic meter LNG cargo to Germany, which will arrive in the final weeks of the year.

The cargo could also be the first for Elbehaven LNG, which is currently under construction in the coastal port town of Brunsbüttel near Hamburg, Germany. Elbehafen LNG to operate one of two floating storage and regasification units (FRSU) leased by RWE Improve Germany’s import capacity.

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Sultan Ahmed Al Jaber, Minister of Industry and Advanced Technology of the United Arab Emirates, said the country’s first LNG contract with a German customer was a sign of its solidarity with Germany and Western Europe, while ADNOC’s The goal of increasing global LNG supply.

“As a customer-focused business, ADNOC is accelerating its natural gas production and processing capabilities to Meeting the growing global demand for LNGIt is a key fuel in today’s energy mix and in the energy transition,” said Al Jaber.

Deutsche Bank Restoring Credit Instituteand a subsidiary of NV Nederlandse Gasunie, and German utility RWE In March, a memorandum of understanding was signed to build and operate an LNG terminal at Brunsbuttel.

Both FSRUs chartered by RWE are owned by Höegh LNG As and can receive up to 170,000 cubic meters of LNG at a time.

RWE also agrees to explore renewable energy projects with UAE State-owned clean energy company MasdarBoth companies revealed that the agreement will focus on expanding offshore wind portfolios and investing in “multiple different countries.”

RWE and other German utilities have been securing a series of alternative energy supply agreements to Reduce reliance on Russian gas Since the invasion of Ukraine in February.As Europe’s largest economy, Germany has been able to increase its natural gas storage to above-average levels, largely thanks to large imports of LNG from the US and other partners, but its Existing infrastructure is already strained.

trying to Increase regasification capacityGermany has signed five FSRUs so far and plans to get a total of six.

On Thursday, Niek Den Hollander, chief operating officer of Uniper SE, said: Utility Terminal in Wilhelmshaven It can be put into use before the end of the year. Uniper, which procured a FSRU of the US company Excelerate Energy Corp., and additional supply agreements were signed this year.Some of these deals depend on Uniper further invests in import infrastructuremanagement said it could be completed in March.

Germany’s Lower Saxony state government also confirmed on September 26 that it has approved funding and early construction of the future Stade terminal at the LNG terminal.The port will serve ships unloading at the terminal Future Hanseatic Energy CenterThe project could be completed by the end of 2023, officials said. It was originally planned to go live in 2026.