Work continues on diversifying sources of gas: EnBW signs LNG procurement agreement with ADNOC

1715155080000 | Press Release

Work continues on diversifying sources of gas: EnBW signs LNG procurement agreement with ADNOC

Deliveries to start once the low-carbon Ruwais project has been commissioned/ Volume of 0.6 million metric tons per annum (mmtpa)/ EnBW Board Member Heydecker: The next step in establishing an LNG value chain

Download image

Signing of the contract with Peter Heydecker, Board Member for Sustainable Generation Infrastructure at EnBW, and Fatema Al Nuaimi, Executive Vice President, Downstream Business Management at ADNOC. ( Copyright: ADNOC)

Karlsruhe. EnBW Energie Baden-Württemberg AG (EnBW) has signed an agreement with the Abu Dhabi National Oil Company (ADNOC) to purchase liquefied natural gas (LNG) over a period of 15 years. The company from the United Arab Emirates will supply EnBW with 0.6 million metric tons per annum (mmtpa) once the Ruwais LNG project has been commissioned as planned in 2028. EnBW is thus continuing to pursue its strategy of further expanding its LNG activities and diversifying its sources of gas.

Peter Heydecker, EnBW's Board Member for Sustainable Generation Infrastructure, underlined: "We are delighted that EnBW has signed its first LNG contract in the Middle East with our experienced partner ADNOC. In doing so, we are taking the next step in terms of diversifying our procurement portfolio and establishing our own LNG value chain. We can also use the experience gained here for our medium-term goal of establishing an import structure for green gases, since the two business fields are very similar."

Once commissioned, the Ruwais project will have a total capacity of 9.6 mmtpa and be the first LNG liquefaction plant in the Middle East to cover its electricity needs from low-carbon sources. The electrically powered liquefaction plant will optimize the carbon footprint for LNG production, while the use of state-of-the-art AI technologies will also guarantee a high level of energy efficiency in the overall process.

Fatema Al Nuaimi, ADNOC Executive Vice President, Downstream Business Management, said: "The Ruwais LNG project continues to gain momentum, reinforcing ADNOC's position as a reliable global natural gas provider. This new agreement builds on the UAE-Germany Energy Security and Industry Accelerator and will support Germany as it strives to diversify its energy sources and enhance its energy security."

AcceptDeclineDownload nowDownload

Image 2

(jpg 11.1 MB)

Image 2

Signing of the contract with Peter Heydecker, Board Member for Sustainable Generation Infrastructure at EnBW, and Fatema Al Nuaimi, Executive Vice President, Downstream Business Management at ADNOC. ( Copyright: ADNOC)

About EnBW

With a workforce of over 28,000 employees, EnBW is one of the largest energy supply companies in Germany and Europe. It supplies electricity, gas and water together with infrastructure and energy-related products and services to around 5.5 million customers. In the company's transformation from a traditional energy provider to a sustainable infrastructure group, the expansion of renewable energy sources and of the distribution and transportation grids for electricity and gas are cornerstones of EnBW's growth strategy and the focus of its investment spending. By 2030, EnBW plans gross investment of 40 billion euros, around 90 percent of which is earmarked for Germany. By the end of 2025, renewables are set to account for more than half of EnBW's generation portfolio. The aim is to phase out coal by the end of 2028. These are key milestones on the way to the company being carbon-neutral by 2035.

www.enbw.com

Press contact

Fax:Mobile:Phone:

Fax:Mobile:Phone:

Christopher Engelmann

[phone]

[e-mail]