ADNOC and RWE diving into new LNG opportunities as multiple deals boost Germany

United Arab Emirates-headquartered energy heavyweight Abu Dhabi National Oil Company (ADNOC) has joined forces with RWE Supply & Trading (RWE) to look into new opportunities for liquefied natural gas (LNG) supply to Germany and European markets, building on the Middle Eastern player’s existing LNG supply agreements with German companies.New agreements, targeting battery energy storage systems (BESS), ammonia, and sustainable materials, have also been put in place between Masdar and RWE and Covestro, Fertiglobe, and TA’ZIZ.

ADNOC and RWE have struck a strategic collaboration agreement to explore opportunities for LNG supply to Germany and European markets of up to 1 million tonnes per annum (mtpa) for up to ten years. The duo will also consider opportunities in LNG trading, regasification capacity in Germany and Europe and broader ones across the gas and LNG value chain. 

In addition, Masdar and RWE entered into a memorandum of understanding (MoU) to