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Adnoc, XRG and Masdar sign deals with German energy firms

thenationalnews.com · 3dShare

Adnoc, XRG and Masdar on Friday announced agreements with German companies covering liquefied natural gas (LNG), renewable energy, advanced materials and technology. The deals will potentially enable more than €5 billion in investment, Adnoc said in a press release, and were signed during President Sheikh Mohamed's state visit to Germany. The new agreements will strengthen the partnership between Germany and the UAE, Adnoc said. The deals follow the announcement this week of €40 billion in intended long-term UAE investments in the country. The UAE views its relationship with Germany as a long-term partnership built on more than 50 years of co-operation, trust and mutual interests, Sheikh Mohamed said on Thursday, Adnoc and Germany's RWE Supply & Trading signed a letter of intent to pursue up to two long-term LNG sales agreements, with supplies from Adnoc Gas and XRG’s growing portfolio potentially beginning in the early 2030s. The companies said the LNG could be delivered to Germany, E

First report: Germany partnership can 'shape future economy', says adviser to UAE President — thenationalnews.com, 4d