ADNOC Gas has announced a three-year liquefied natural gas (LNG) supply agreement, worth approximately $400m, with Germany’s SEFE.
The contract will see ADNOC Gas deliver 0.7 million tonnes (mt) of LNG from its Das Island facility in Abu Dhabi, with deliveries commencing this year.
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The Das Island liquefaction plant, a key asset in ADNOC Gas’ portfolio, has a production capacity of six million tonnes per annum (mtpa).
Since its inception in 1977, the facility has dispatched more than 3,500 LNG cargoes across the globe, solidifying ADNOC Gas’ long-standing partnerships within the international energy sector.
ADNOC Gas CEO Fatema Al Nuaimi said: “This agreement marks a significant step in strengthening our long-standing partnership with SEFE and reinforces ADNOC Gas’ role as a reliable and responsible global energy provider, committed to supporting Germany’s energy security.
“It also reflects the strong progress we are making in delivering our strategic objectives and demonstrates the confidence our partners, investors, and stakeholders place in our ability to create long-term value in a dynamic energy landscape.”
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This supply agreement reinforces the strategic cooperation between the UAE and Germany, building on the 2022 Energy Security and Industry Accelerator (ESIA) pact and the 2024 Joint Declaration with the state of Baden-Württemberg.
Both initiatives are designed to promote energy security and the development of sustainable fuels.
SEFE chief commercial officer Frédéric Barnaud said: “Over the past two decades, we’ve built a strong partnership with ADNOC, and we value our relationship with such a reputable and reliable supplier.
“This new medium-term LNG contract builds on the long-term supply agreement with ADNOC that we signed last year, thereby adding another flexible source of LNG to our portfolio – to the benefit of both Europe’s security of supply and our global market trading activities.”
Last month, ADNOC Gas announced a final investment decision (FID) and awarded contracts worth $5bn for the first phase of its Rich Gas Development (RGD) project.
The project’s initial phase involves the expansion and optimisation of gas processing operations at four strategic locations: Asab, Buhasa, and Habshan onshore, as well as the Das Island offshore liquefaction facility.