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RWE announced on Friday that it has signed MoUs with Adnoc and Masdar, marking a “new chapter in advancing energy security in Germany and across Europe.”
According to RWE, the strategic collaboration agreement between the firsm and state-owned Adnoc sets out the framework to explore collaboration on LNG deliveries to Germany and other European markets, of up to 1 million tonnes per annum (mtpa) of LNG for up to 10 years.
RWE noted this corresponds to up to 12 cargoes of LNG and up to 1.4 billion cubic meters (BCM) of natural gas per year. T
The agreement reaffirms both parties’ commitment to long-term cooperation.
In addition, RWE and Adnoc have agreed to explore collaboration on short-term LNG trading activities between their respective global LNG portfolios, the German firm said.
Under the MoU between RWE and Masdar, the companies will work together to identify and pursue investments in battery energy storage systems (BESS) projects in Germany, RWE said.
This is not the first LNG collaboration between RWE and Adnoc.
In September 2022, the two firms signed a supply deal on the first commercial LNG delivery to the FSRU-based import terminal in Brunsbüttel.
The two firms also signed a memorandum of understanding for further LNG deliveries.
The 170,000-cbm FSRU Hoegh Gannet, which serves the Brunsbüttel LNG import terminal, received its first LNG tanker in February 2023 from Adnoc.
Besides the Brunsbüttel terminal, state-owned Deutche Energy Terminal also operated two FSRU-based facilities in Wilhelmshaven and is working on the Stade facility, while private firm Deutsche ReGas operated the Mukran FSRU-based facility.
Ruwais LNG
Adnoc made the final investment decision to build its LNG export terminal in Al Ruwais in 2024.
Including Das Island LNG, the new LNG project will more than double Adnoc’s existing UAE LNG production capacity to around 15 mtpa.
Adnoc said in a separate statement that the new LNG supplies to RWE would build on its recent offtake agreements for 1.6 mtpa of LNG with German companies from the Ruwais LNG project.
In 2024, Adnoc and Germany’s SEFE finalized a 15-year deal for 1 mtpa of LNG from the Ruwais facility, while Adnoc and Germany’s EnBW finalized a 15-year deal for 0.6 mtpa of LNG.
Additionally, Adnoc is currently supplying 0.7 mtpa of LNG to German customers from its legacy facilities until the Ruwais LNG project comes online, it said.