- Agreement to strengthen Germany and Europe’s energy security, with reliable access to natural gas and LNG
- Partnership aims to unlock new value creation opportunities across the gas and LNG value chain, from supply and infrastructure to shipping and market development
- Agreement signed against backdrop of broader UAE plans to invest an additional 40 billion euro in Germany
SEFE (Securing Energy for Europe), XRG and ADNOC, the Abu Dhabi National Oil Company, today signed a memorandum of understanding to explore opportunities across the natural gas and LNG value chains, reinforcing their shared commitment to delivering reliable and competitively priced energy supply for Germany and Europe.
The agreement was signed during the visit of His Highness Sheikh Mohamed bin Zayed Al Nahyan, President of the United Arab Emirates (UAE), to the Federal Republic of Germany. The agreement builds on the existing partnership between the companies and brings together their complementary strengths, leveraging both UAE-based supply from ADNOC and a diverse set of international supply nodes from XRG. This agreement builds on the long-established relationship between ADNOC and SEFE and underscores SEFE’s position as a partner of choice.
His Excellency Dr Sultan Ahmed Al Jaber, ADNOC Managing Director and Group CEO and Executive Chairman of XRG, said: 'XRG and ADNOC are committed to Germany for the long term. We have already invested 19 billion euro, and this week the UAE more widely announced the long-term intention to invest a further 40 billion euro in the country. This agreement with SEFE combines our capabilities and opens new opportunities across the gas and LNG value chain, strengthening energy security and supporting the competitiveness and growth of German industry.'
Dr Egbert Laege, CEO of SEFE, said: 'We are thrilled to deepen our collaboration with such trusted partners as ADNOC and XRG. In today’s energy landscape, closer cooperation across the value chain is critical. By bringing together XRG’s and ADNOC’s global supply capabilities with SEFE’s market presence, trading expertise, customer relationships and infrastructure access, we aim to enhance the resilience of Germany’s and Europe’s energy systems.'
Under the terms of the agreement, the parties will explore potential collaboration in four areas:
- Security of supply: exploring opportunities to strengthen energy security and supply resilience across Germany and Europe by utilising the combined gas and LNG capabilities of ADNOC and XRG.
- Market development and growth: exploring opportunities to support market development, long-term growth and energy market resilience.
- Supply chain resilience: strengthening supply chain reliability by utilising complementary assets, infrastructure and capabilities, and exploring opportunities to invest in and develop critical energy infrastructure.
- Portfolio and shipping optimisation: identifying opportunities to optimise portfolio management and cargo movements.
The agreement builds on ADNOC’s track record as a reliable LNG supplier to Germany, with the company delivering the first cargo of Middle Eastern LNG to Germany in early 2023. ADNOC has also signed long-term LNG agreements with German customers, alongside piped gas supply via the Southern Gas Corridor.
The agreement expands XRG’s existing strategic footprint in Germany – where it is already a committed investor, including through Covestro – extending that commitment into the gas and LNG value chains.
About SEFE
SEFE is an international energy company anchored in Europe, delivering energy solutions that ensure reliable and affordable supply. Our activities span the entire energy value chain – from origination and trading to sales, transport and storage. With decades of trading expertise and a growing LNG portfolio, SEFE is one of Europe’s leading suppliers to industrial customers, providing more than 200 TWh of gas and power each year. We supply over 50,000 clients, from small businesses to municipalities and multinational organisations. By investing in clean energies, we support our customers on their decarbonisation journey and contribute to the energy transition. SEFE employs over 2,000 people worldwide and is owned by the Federal Government of Germany.
Securing energy – now and for the future.
Source: SEFE
