GLNG: RWE signs documents with ADNOC on LNG supplies

Germany’s RWE revealed on September 25 that it had signed documents with Abu Dhabi National Oil Co. (ADNOC) of the UAE on LNG supplies.

In a statement, RWE explained that one of the documents was an agreement under which ADNOC would make its first commercial delivery of LNG to Germany. This shipment will consist of 137,000 cubic metres of LNG and will arrive at the Elbehafen LNG terminal in late December, it said. ADNOC will load the fuel at its 6mn tonne per year (tpy) Das Island LNG plant offshore Abu Dhabi and ship it by tanker to the Brunsbuettel floating storage and regasification unit (FSRU) near Hamburg, it reported.

RWE stressed that this shipment would mark ADNOC’s entry into the German LNG market at a time when the country was working to expand the range of its suppliers. “This marks an important milestone in building up an LNG supply infrastructure in Germany and setting up a more diversified gas supply,” it said in its statement.

It also noted that the two companies had signed a memorandum of understanding (MoU) concerning future shipments of LNG from the UAE to Germany. This document envisions a multi-year supply deal under which ADNOC will begin sending LNG to RWE in 2023, with the latter company taking delivery of the cargoes either at onshore LNG terminals or at FSRUs as more marine terminals become available. (Germany is building several new FSRUs in order to expand its LNG import capacity.)