Germany’s Securing Energy for Europe (SEFE) has expanded its liquefied natural gas (LNG) arsenal through a multi-year LNG supply agreement with ADNOC Gas, a subsidiary of the UAE-headquartered ADNOC, bolstering Europe’s energy security.
With shipments to start in summer 2025, this three-year supply deal worth about $400 million will allow SEFE to receive more than 0.7 million tonnes of LNG from ADNOC Gas’ Das Island liquefaction facility, which is reported to be one of the UAE-based company’s portfolio, thanks to a production capacity of 6 million tonnes per year. This LNG plant has shipped over 3,500 LNG cargoes worldwide since starting operations in 1977.
The agreement of SEFE, ADNOC Gas Deal is viewed as symbolizing their aspirations to increase their international presence and strengthen their long-term alliances with leading energy partners, and is based on the existing strategic partnership between the United Arab Emirates and Germany, which seeks to promote energy security and sustainable fuel development.
Fatema Al Nuaimi, CEO of ADNOC Gas, commented: “This agreement strengthens our longstanding partnership with SEFE and reinforces ADNOC Gas’ role as a reliable global energy provider and our commitment to supporting energy security and sustainability in Europe. As we continue to make tangible progress in delivering our strategic goals, it sends a clear message to investors, partners, and stakeholders about our ability to thrive in today’s energy markets.”
ADNOC Gas is seen as a key player in ADNOC Group’s strategy to to increase its natural gas production capability and diversify its global LNG exports in support of the United Arab Emirates’ overall vision for sustainable energy development and deepening economic relations with strategic global markets.
SEFE claims that natural gas, as a crucial transitional fuel, has lower carbon emissions than other fossil fuels and is an essential raw material in industrial supply chains. The company highlights its focus on promoting energy security throughout Germany and Europe through increasing its international portfolio and enhancing its global partnerships.
Frederic Barnaud, CCO of SEFE, underlined: “Over the past two decades, we’ve built a strong partnership with ADNOC, and we value our relationship with such a reputable and reliable supplier.
“This new medium-term LNG contract builds on the long-term supply agreement with ADNOC that we signed last year, thereby adding another flexible source of LNG to our portfolio – to the benefit of both Europe’s security of supply and our global market trading activities.”
The agreement of SEFE, ADNOC gas deal comes shortly after SEFE firmed up an LNG deal with Venture Global and a gas deal with the State Oil Company of the Republic of Azerbaijan (SOCAR) to ensure diversified and reliable energy sources for Germany and beyond.
