Abu Dhabi National Oil Company’s (ADNOC) has signed a 15-year liquefied natural gas (LNG) sales and purchase agreement with Germany’s SEFE.
Under terms of the deal, ADNOC will supply SEFE with one million tonnes of LNG per annum. This builds on the UAE-Germany Energy Security and Industry Accelerator, signed by the two countries in 2022 to strengthen cooperation in energy security and low-carbon fuels.
The sales and purchase deal converts the previous heads of agreement between ADNOC and SEFE announced in March into a definitive agreement.
Fatema Al Nuaimi, Executive Vice-President for Downstream Business Management at ADNOC, notes that natural gas accounts for over a quarter of Germany’s energy supply.
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