2023-05-02 12:41:00
European countries are increasingly relying on liquefied natural gas (LNG) as an alternative to Russian gas, following Russia’s invasion of Ukraine.
This is one more step for European countries, which are seeking to diversify their suppliers in order to do without Russian gas, in the midst of the war in Ukraine. A deal
at least a billion dollars
was signed between the Emirati gas company ADNOC Gas and the French TotalEnergies for
supply it with liquefied natural gas.
This agreement, valid for three years, announced Monday, May 1, weighs between 1 and 1.2 billion dollars (between 900 million and 1 billion euros), said in a press release ADNOC Gas, a subsidiary of the Emirati oil giant Abu Dhabi National Oil Company (ADNOC). The agreement has been signed
with TotalEnergies Gas and its subsidiary Power Limited.
In July 2022, an agreement between the French multinational and ADNOC was signed “for
cooperate in the energy supply sector”,
during a visit to Paris by the President of the United Arab Emirates, Sheikh Mohamed bin Zayed al-Nahyan. Emirati Liquefied Natural Gas (LNG) “will be
delivered to various export markets worldwide”,
added the Emirati company, which did not specify the volumes supplied.
“The agreement must start in 2023
and is primarily targeting the Asian market,” the TotalEnergies group told AFP. The Emirates also announced in September
to supply Germany with natural gas and diesel,
within the framework of an agreement on “energy security”.
In 2021, the United Arab Emirates produced 57 billion cubic meters of natural gas
European countries are increasingly relying on LNG as
alternative to Russian gas,
following Russia’s invasion of Ukraine. The question is particularly delicate for Germany, half of whose gas imports come from Russia.
France, for its part, mattered before the war in Ukraine – triggered in February 2022 by the Russian invasion –
almost 17% natural gas from Russia,
according to the Ministry of Ecological Transition. In 2021, the United Arab Emirates produced
57 billion cubic meters of natural gas,
or regarding 1.4% of world production, according to figures from BP Statistical Review of World Energy. In the same year, according to the same source, the Emirates produced
8.8 billion cubic meters of liquefied natural gas,
i.e. 1.7% of world exports. The country hopes to achieve an annual production of
15 million tons in the next few years,
according to the Bloomberg agency.
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