Adnoc Gas to supply Germany’s SEFE with LNG in three-year agreement

Adnoc inks LNG agreement with SEFE: Adnoc Gas will supply Germany’s state-owned energy firm Securing Energy for Europe (SEFE) with liquified natural gas (LNG) under a three-year USD 400 mn agreement, according to a press release (pdf). The natural gas will be sourced from the Adnoc’s Das Island liquefaction facility, with delivery of 0.7 mn tonnes of LNG set to begin this year.

This isn’t Adnoc and Sefe’s first rodeo: The oil giant inked a sales and purchase agreement (SPA) last November to supply SEFE with 1 mn tonnes of LNG a year from its Ruwais LNG project. The agreements come as SEFE looks to diversify its supply agreements away from Russia following its invasion of Ukraine, Reuters reports.

Adnoc Gas has been ramping up LNG agreements, having inked agreements with German energy infrastructure firm EnBW, Malaysia’s state-owned oil and gas firm Petronas, as well as a USD 450 mn agreement with Japan’s Jera. Meanwhile, its USD 19 bn takeover offer for Australian gas player Santos would add 7.5 mn of annual LNG capacity to its roster.