Sunday, December 22, 2024
HomeFashionEnBW & Abu Dhabi National Oil Company sign long term LNG contract

EnBW & Abu Dhabi National Oil Company sign long term LNG contract



EnBW & Abu Dhabi National Oil Company sign long term LNG contract

EnBW Energie Baden-Württemberg AG (EnBW) has converted an existing Heads of Agreement from April of this year into a binding supply contract to purchase liquefied natural gas (LNG) from ADNOC. The company from Abu Dhabi will supply EnBW 0.8 billion cubic metres per annum (bcm/a) once the Ruwais LNG project has been commissioned as planned in 2028. The contract was signed in the context of the important “LNG World Summit” industry meeting in Berlin.

EnBW has finalised a binding LNG supply contract with ADNOC to receive 0.8 bcm/a from the Ruwais project, set to begin in 2028.
The plant, powered by low-carbon energy and AI-driven efficiency, will produce lower-carbon LNG.
The partnership strengthens EnBW’s LNG portfolio and supports decarbonisation, highlighting ADNOC’s role in sustainable energy solutions.

Peter Heydecker, EnBW board member for Sustainable Generation Infrastructure, emphasized: “We are very pleased to establish a long-term LNG contract with ADNOC. Finalizing this contract is a significant step in furthering our relationship and expanding our LNG portfolio. We will continue to work with our esteemed partner ADNOC to develop other opportunities in LNG and adjacent businesses and look forward to a mutually beneficial long-term relationship and joint business success.”

The LNG comes from the Ruwais project, which is scheduled to go into operation in 2028. With a total capacity of 13.2 bcm/a, it will be the first LNG liquefaction plant in the Middle East to cover its electricity requirements from low-carbon sources. LNG production at the Ruwais project is associated with comparatively low CO2 emissions as, among other things, the liquefaction plant is electrically powered. The use of state-of-the-art AI technologies will also lead to a high level of energy efficiency in the overall process.

Fatema Al Nuaimi, ADNOC executive vice president, Downstream Business Management, said: “We are very pleased to partner with EnBW, one of the largest energy supply companies in Germany, in our second Sales and Purchase Agreement to the country from the Ruwais LNG project. This partnership underscores ADNOC’s dedication to fostering sustainable and strategic energy collaborations. By supplying lower-carbon LNG to EnBW, we are not only enhancing our partners energy security but also contributing to decarbonization efforts, reaffirming ADNOC’s position as a trusted partner in the evolving energy landscape.”

Note: The headline, insights, and image of this press release may have been refined by the Fibre2Fashion staff; the rest of the content remains unchanged.

Fibre2Fashion News Desk (HU)




Source link

RELATED ARTICLES

LEAVE A REPLY

Please enter your comment!
Please enter your name here

- Advertisment -

Most Popular

Recent Comments