Energie Baden-Württemberg AG (EnBW) has signed a 15-year LNG supply agreement with the Abu Dhabi National Oil Company (ADNOC), marking its first LNG contract in the Middle East.
The UAE company will supply EnBW with 0.6 million metric tons per annum (mmtpa) – its third long-term supply agreement from the Ruwais LNG project, which is scheduled to be commissioned in 2028.
EnBW, which is investing around €40bn in the energy transition by 2030, continues to expand its LNG activities and diversify its sources of gas.
Peter Heydecker, EnBW’s Board Member for Sustainable Generation Infrastructure, said, “We are taking the next step in terms of diversifying our procurement portfolio and establishing our own LNG value chain. We can also use the experience gained here for our medium-term goal of establishing an import structure for green gases, since the two business fields are very similar.”
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