His Highness Sheikh Mohamed bin Zayed Al Nahyan, President of the State, “may God protect him”, and Olaf Scholz, Chancellor of the Federal Republic of Germany, witnessed today the signing ceremony of a new strategic partnership agreement in the field of accelerating energy security and industrial growth, aimed at accelerating the implementation of projects of common interest between the UAE and Germany. In the areas of energy security, emission reduction and climate action.
The agreement, which took place at the Beach Palace, was signed by His Excellency Dr. Sultan bin Ahmed Al Jaber, Minister of Industry and Advanced Technology, UAE Special Envoy for Climate Change and Managing Director and CEO of Abu Dhabi National Oil Company “ADNOC” and its group of companies, and Dr. Franziska Brantner, Minister of State in the Federal Ministry Economic Affairs and Climate Action in the Federal Republic of Germany.
The signing ceremony of the agreement was attended by H.H. Lt. General Sheikh Saif bin Zayed Al Nahyan, Deputy Prime Minister and Minister of Interior, H.H. Sheikh Mansour bin Zayed Al Nahyan, Deputy Prime Minister and Minister of the Presidential Court, H.H. Sheikh Hamed bin Zayed Al Nahyan, member of the Executive Council of the Emirate of Abu Dhabi, and H.H. Sheikh Hamdan bin Mohammed bin Zayed Al Nahyan, His Excellency Sheikh Mohammed bin Hamad bin Tahnoon Al Nahyan, Adviser to Special Affairs at the Presidential Court, His Excellency Suhail bin Mohammed Faraj Faris Al Mazrouei, Minister of Energy and Infrastructure, Her Excellency Maryam bint Mohammed Saeed Hareb Al Muhairi, Minister of Climate Change and Environment, and His Excellency Dr. Anwar bin Mohammed Gargash, Diplomatic Advisor His Highness the President of the State and His Excellency Khaldoon Khalifa Al Mubarak, Chairman of the Executive Affairs Authority, member of the Executive Council, and the delegation accompanying the Chancellor of the Federal Republic of Germany.
As part of these joint efforts, ADNOC has entered into an agreement to supply liquefied natural gas to the German company RWEAG, RWE, under which ADNOC will export the first shipment of liquefied natural gas to Germany and deliver it in late 2022 for use in Trial operation of a floating natural gas import terminal in Brunsbüttel, Germany.
In accordance with the agreement, ADNOC has allocated additional shipments of LNG to its customers in Germany, which will be delivered in 2023.
ADNOC also signed a number of agreements with customers from Germany, including Astiag GmbH and Orbis AG, to export trial shipments of low-carbon ammonia, which is a transport fuel for hydrogen that plays a pivotal role. In reducing emissions in sectors that are difficult to reduce emissions. It is noteworthy that the first trial shipment of low-carbon ammonia produced by Abu Dhabi arrived at the port of Hamburg early this month.
Under the Energy Security and Industrial Growth Accelerators Cooperation Program, the UAE and Germany will explore more opportunities to accelerate growth and enhance cooperation in all areas of the hydrogen sector value chain. For its part, the Abu Dhabi Future Energy Company “Masdar” will intensify its efforts to explore more opportunities in the wind energy markets in northern Europe and the Baltic Sea in Germany to increase production from renewable energy sources to 10 gigawatts by 2030, subject to meeting the requirements and regulatory conditions in the UAE and Germany. It was also announced that ADNOC had completed the first direct delivery of a shipment of diesel from its production to Germany in September 2022, and that an agreement had been reached with Wilhelm Heuer GmbH on terms for the supply of up to 250 thousand tons per month of diesel fuel during 2023.
On this occasion, His Excellency Olaf Scholz said: I welcome the signing of the joint declaration of intent on “Accelerating Energy Security and Industrial Growth”, which will enable us to accelerate the implementation of strategic projects that focus particularly on renewable energies, hydrogen, LNG and climate action. For his part, His Excellency Dr. Sultan bin Ahmed Al Jaber said that the UAE has solid and distinguished friendship relations with the Federal Republic of Germany, in line with the leadership’s vision of strengthening bridges of cooperation and communication, building qualitative partnerships, strengthening bilateral relations, and exploring opportunities for cooperation and joint investment in all vital fields, especially traditional and renewable energy, among others. Among the promising fields, we are pleased to sign this agreement, which contributes to strengthening and consolidating the strategic partnership between the two friendly countries, which has witnessed rapid development over the past years.. As we work to keep pace with the transformation in the energy sector, ADNOC is committed to continuing investment and accelerating the implementation of projects aimed at To ensure energy security, reduce emissions and support climate action as part of its ongoing efforts to establish itself as a reliable and responsible provider of low-emission energy.
In turn, His Excellency Dr. Robert Habeck, German Vice Chancellor and Minister of Economic Affairs and Climate Protection, welcomed the acceleration of the implementation of joint projects in the field of climate action, emission reduction and energy security, expressing his aspiration for close cooperation in the field of offshore wind energy and other renewable energy sources and hydrogen in the UAE and Germany. Over the past decades, ADNOC has established itself as a responsible supplier of energy products to its customers worldwide, as the company is the first producer of liquefied natural gas in the Middle East, with more than 40 years of experience in the global gas markets.. ADNOC is currently working on implementing Huge expansions in its natural gas business to enhance and accelerate efforts to raise production capacity from this strategic resource to meet local and global demand.
Abu Dhabi is a producer and supplier of oil and gas with the lowest emissions intensity in the world.. Murban, the main crude oil produced by ADNOC, is considered one of the lowest carbon emitting crudes in the world, as its carbon intensity is less than half the global average for the sector. ADNOC is working to implement its plans to reduce emissions in its operations by an additional 25% by 2030. Currently, “Murban” crude is traded on the Abu Dhabi Intercontinental Futures Exchange, without restrictions on destinations, which allowed the free sale and purchase of “Murban” crude. around the world.
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