The Fort Worth Press - United Arab Emirates agrees to supply Germany with gas, diesel

USD -
AED 3.672955
AFN 68.291665
ALL 93.057229
AMD 389.770539
ANG 1.808359
AOA 911.999876
ARS 998.532199
AUD 1.54988
AWG 1.795
AZN 1.697017
BAM 1.855228
BBD 2.025868
BDT 119.90021
BGN 1.854597
BHD 0.376917
BIF 2963.296747
BMD 1
BND 1.345185
BOB 6.933055
BRL 5.813402
BSD 1.003315
BTN 84.297531
BWP 13.716757
BYN 3.283486
BYR 19600
BZD 2.022453
CAD 1.41015
CDF 2864.999832
CHF 0.887035
CLF 0.035506
CLP 979.710204
CNY 7.242501
CNH 7.24807
COP 4425.67
CRC 510.64839
CUC 1
CUP 26.5
CVE 104.59491
CZK 23.979009
DJF 178.66544
DKK 7.071903
DOP 60.456292
DZD 133.656995
EGP 49.400102
ERN 15
ETB 121.511455
EUR 0.948115
FJD 2.278498
FKP 0.789317
GBP 0.7925
GEL 2.735008
GGP 0.789317
GHS 16.027888
GIP 0.789317
GMD 70.999942
GNF 8646.941079
GTQ 7.74893
GYD 209.812896
HKD 7.78432
HNL 25.339847
HRK 7.133259
HTG 131.909727
HUF 388.409844
IDR 15864.8
ILS 3.7345
IMP 0.789317
INR 84.398896
IQD 1314.3429
IRR 42092.499948
ISK 137.560342
JEP 0.789317
JMD 159.351136
JOD 0.709104
JPY 154.813499
KES 129.502457
KGS 86.496346
KHR 4053.579729
KMF 466.574992
KPW 899.999621
KRW 1396.584777
KWD 0.30762
KYD 0.836179
KZT 498.615064
LAK 22046.736197
LBP 89848.180874
LKR 293.122747
LRD 184.608672
LSL 18.253487
LTL 2.95274
LVL 0.60489
LYD 4.900375
MAD 10.002609
MDL 18.230627
MGA 4667.201055
MKD 58.334202
MMK 3247.960992
MNT 3397.999946
MOP 8.045323
MRU 40.054641
MUR 47.050159
MVR 15.450295
MWK 1739.868711
MXN 20.40985
MYR 4.481992
MZN 63.875304
NAD 18.253747
NGN 1697.505277
NIO 36.921442
NOK 11.126745
NPR 134.880831
NZD 1.71176
OMR 0.385024
PAB 1.003296
PEN 3.808919
PGK 4.034511
PHP 58.657018
PKR 278.580996
PLN 4.113058
PYG 7828.648128
QAR 3.65762
RON 4.7186
RSD 110.926003
RUB 99.874552
RWF 1378.077124
SAR 3.753439
SBD 8.390419
SCR 13.687135
SDG 601.499395
SEK 11.001835
SGD 1.34441
SHP 0.789317
SLE 22.600451
SLL 20969.504736
SOS 573.447802
SRD 35.315501
STD 20697.981008
SVC 8.779169
SYP 2512.529858
SZL 18.247358
THB 34.857985
TJS 10.695389
TMT 3.51
TND 3.165498
TOP 2.342101
TRY 34.505085
TTD 6.812749
TWD 32.542499
TZS 2659.999793
UAH 41.44503
UGX 3682.325879
UYU 43.055121
UZS 12842.792233
VES 45.738084
VND 25412.5
VUV 118.722009
WST 2.791591
XAF 622.255635
XAG 0.032646
XAU 0.000387
XCD 2.70255
XDR 0.755845
XOF 622.229073
XPF 113.127366
YER 249.874973
ZAR 18.15195
ZMK 9001.200406
ZMW 27.546563
ZWL 321.999592
  • CMSC

    0.0200

    24.57

    +0.08%

  • CMSD

    0.0822

    24.44

    +0.34%

  • NGG

    0.3800

    62.75

    +0.61%

  • SCS

    -0.0400

    13.23

    -0.3%

  • BP

    -0.0700

    28.98

    -0.24%

  • AZN

    -1.8100

    63.23

    -2.86%

  • GSK

    -0.6509

    33.35

    -1.95%

  • RIO

    0.5500

    60.98

    +0.9%

  • RBGPF

    61.8400

    61.84

    +100%

  • BTI

    0.9000

    36.39

    +2.47%

  • RYCEF

    0.0400

    6.82

    +0.59%

  • BCC

    -0.2600

    140.09

    -0.19%

  • JRI

    0.0235

    13.1

    +0.18%

  • BCE

    -0.0200

    26.82

    -0.07%

  • RELX

    -1.5000

    44.45

    -3.37%

  • VOD

    0.0900

    8.77

    +1.03%

United Arab Emirates agrees to supply Germany with gas, diesel
United Arab Emirates agrees to supply Germany with gas, diesel / Photo: © AFP

United Arab Emirates agrees to supply Germany with gas, diesel

The United Arab Emirates agreed Sunday an "energy security" deal with Germany to supply liquefied natural gas and diesel as Berlin searches for new power sources to replace Russian supplies.

Text size:

Emirati industry minister Sultan Ahmed Al Jaber called it a "landmark new agreement" that "reinforces the rapidly growing energy partnership between the UAE and Germany", at a signing attended by German Chancellor Olaf Scholz, the UAE's state news agency WAM reported.

Scholz was on a visit to the UAE as part of a Gulf tour that also includes stops in Saudi Arabia and Qatar.

He met with Emirati President Sheikh Mohamed bin Zayed Al-Nahyan, who said on Twitter afterwards they had discussed "further opportunities for cooperation in areas including energy security, emissions reduction and climate action".

The German leader said he "welcomed" the "energy security" agreement, WAM said.

As part of the deal, the UAE will provide "an LNG cargo for delivery in late 2022, to be used in the commissioning of Germany’s floating LNG import terminal at Brunsbuettel", a North Sea port, the WAM report added.

UAE state oil company ADNOC completed its first ever direct diesel delivery to Germany earlier this month, and will "supply up to 250,000 tons of diesel per month in 2023", it said.

"ADNOC has reserved a number of further LNG cargos exclusively for German customers in 2023," it said.

Sunday was the second and final day of Scholz's Gulf tour, which he hoped would seal new energy deals to replace Russian supplies and mitigate the energy crisis resulting from Moscow's invasion of Ukraine.

On Saturday, he met in Jeddah with Saudi Crown Prince Mohammed bin Salman, and on Sunday afternoon he arrived in gas-rich Qatar to hold talks with Emir Sheikh Tamim bin Hamad Al-Thani.

- Energy transition -

Scholz's stop in the UAE included a tour of an environmental project at a mangrove park with Emirati climate change minister Mariam Almheiri.

Almheiri said discussions on Sunday would, in addition to energy security, cover "climate action and economic growth".

"The UAE believes all three pillars must go hand and hand. We cannot look at one or two of these pillars separately," she said.

She also reiterated Abu Dhabi's insistence on "a just transition" away from fossil fuels.

Both the UAE and Saudi Arabia have been leading critics of what they describe as "unrealistic" transition models they say have contributed to the current energy crunch.

Scholz told reporters in Abu Dhabi that his country had "made progress on a whole series of projects here in terms of the production and purchase of diesel and gas", while adding it was determined to avoid energy dependence on Russia in the future.

"The fact that we are dependent on one supplier and also dependent on its decisions will certainly not happen to us again," he said.

"With the investments that we are now making in Germany, and that will become reality bit by bit next year, we will indeed have an infrastructure for gas imports for Germany, such that we are no longer directly dependent on the specific supplier at the other end of the pipeline, as we are with a pipeline connection."

His visit to Qatar comes one day after France's TotalEnergies signed a new $1.5 billion deal to help expand Doha's natural gas production.

Scholz said such projects were "important".

"We have to ensure that the production of liquefied gas in the world is advanced to such an extent that the high demand that exists can be met -- without having to fall back on the production capacities in Russia that have been used so far," he said.

T.Gilbert--TFWP