Commodities
UAE Companies Join Forces for Reliable Gas Supply to Germany and Europe
XRG, ADNOC, and SEFE Securing Energy for Europe have signed a Memorandum of Understanding to explore opportunities in the natural gas and LNG value chains.
The agreement was signed during President Sheikh Mohamed bin Zayed Al Nahyan's visit to Germany. It builds on existing partnerships between the companies and leverages their complementary strengths, combining UAE-based supply from ADNOC with international supply nodes from XRG.
XRG and ADNOC have already invested 19 billion euros in Germany and plan to invest a further 40 billion euros. The agreement aims to strengthen energy security and support German industry growth.