EnBW concludes binding supply contract with ADNOC as part of the LNG World Summit
Karlsruhe. EnBW Energie Baden-Württemberg AG (EnBW) has converted an existing Heads of Agreement from April of this year into a binding supply contract to purchase liquefied natural gas (LNG) from ADNOC. The company from Abu Dhabi will supply EnBW 0.8 billion cubic metres per annum (bcm/a) once the Ruwais LNG project has been commissioned as planned in 2028. The contract was signed in the context of the important “LNG World Summit” industry meeting in Berlin.
Peter Heydecker, EnBW Board Member for Sustainable Generation Infrastructure, emphasized: “We are very pleased to establish a long-term LNG contract with ADNOC. Finalizing this contract is a significant step in furthering our relationship and expanding our LNG portfolio. We will continue to work with our esteemed partner ADNOC to develop other opportunities in LNG and adjacent businesses and look forward to a mutually beneficial long-term relationship and joint business success."
The LNG comes from the Ruwais project, which is scheduled to go into operation in 2028. With a total capacity of 13.2 bcm/a, it will be the first LNG liquefaction plant in the Middle East to cover its electricity requirements from low-carbon sources. LNG production at the Ruwais project is associated with comparatively low CO2 emissions as, among other things, the liquefaction plant is electrically powered. The use of state-of-the-art AI technologies will also lead to a high level of energy efficiency in the overall process.
Fatema Al Nuaimi, ADNOC Executive Vice President, Downstream Business Management, said: “We are very pleased to partner with EnBW, one of the largest energy supply companies in Germany, in our second Sales and Purchase Agreement to the country from the Ruwais LNG project. This partnership underscores ADNOC’s dedication to fostering sustainable and strategic energy collaborations. By supplying lower-carbon LNG to EnBW, we are not only enhancing our partners energy security but also contributing to decarbonization efforts, reaffirming ADNOC’s position as a trusted partner in the evolving energy landscape.”
About EnBW
With over 29,000 employees, EnBW is one of the largest energy companies in Germany and Europe. It supplies around 5.5 million customers with electricity and gas. As part of its transformation from a traditional energy company to a sustainable infrastructure group, the expansion of renewable energy sources and of the distribution and transmission grids for electricity, gas and hydrogen are cornerstones of EnBW's growth strategy and the focus of its investments. Until 2030, EnBW plans gross investments of €40 billion, around 90 percent of which will be invested in Germany. By then, around 80 percent of EnBW's generation portfolio is to consist of renewable energies, and the company aims to phase out coal by the end of 2028. These are key milestones on the road to the company's climate neutrality in 2035.
About ADNOC
ADNOC is a leading diversified energy and petrochemicals group wholly owned by the Emirate of Abu Dhabi. ADNOC’s objective is to maximize the value of the Emirate’s vast hydrocarbon reserves through responsible and sustainable exploration and production to support the United Arab Emirates’ economic growth and diversification.