Commodities
UAE Companies Sign Deal for Reliable Gas Supply to Germany
XRG, ADNOC, and SEFE have signed a Memorandum of Understanding to explore opportunities across the natural gas and LNG value chains in Germany and Europe.
The agreement aims to strengthen energy security by delivering reliable access to natural gas and LNG, leveraging the combined capabilities of the three companies.
According to ADNOC's Managing Director and Group CEO Dr. Sultan Ahmed Al Jaber, 'XRG and ADNOC are committed to Germany for the long term,' with a total investment of €19 billion so far and an additional €40 billion planned by the UAE in the country.