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>The cargo -- 137,000 cubic meters -- will be delivered by Abu Dhabi National Oil Co. to German utility RWE AG by early 2023. ADNOC also signed a memorandum of

by kken 4y ago

>The cargo -- 137,000 cubic meters -- will be delivered by Abu Dhabi National Oil Co. to German utility RWE AG by early 2023. ADNOC also signed a memorandum of understanding to make more deliveries next year. >After the UAE, Scholz traveled to Qatar, where he and the nation’s emir were expected to discuss long-term plans for shipments of gas and hydrogen. Germany and Qatar have been discussing LNG supplies for several months, with Germany being reluctant to commit to long-term contracts at record prices for LNG. Clickbait title.

dna_polymerase 4y ago
Absolutely not. The single tanker load is the only binding agreement.
- nosianu 4y ago
  But that is just one country, one source. There already are other sources, Russia supplied ca. 55% of gas used to Germany, not 100%, and less to other European countries. And in the Middle East UAE is just one of the countries Germany is in talks with, and the UAE is not even a big producer of LNG thus far. According to recent headlines it's actually the US who is supposed the most important source of LNG (German article: https://www.spiegel.de/wirtschaft/usa-wohl-bald-wichtigster-lng-lieferant-fuer-die-eu-a-d6632ac5-7686-4e88-99af-467805c02e3e https://www.spiegel.de/wirtschaft/usa-wohl-bald-wichtigster-...). https://www.theguardian.com/world/2022/jul/21/how-reliant-is-germany-and-europe-russian-gas-nord-stream https://www.theguardian.com/world/2022/jul/21/how-reliant-is... Also, they did not buy gas alone, there also were agreements for thigs like Diesel. Then, the new approach is to have many sources instead of only some large suppliers. So, UAE is just one stop of many. Those 137,000 m^3 are delivered this year - which is better than expected because thus far we were told we could get zero LNG from the Middle East this year because it's too soon. We are only just building the terminals too! And such things normally take decades in Germany... Great achievement to turn the positive surprise into a negative headline. Also, German gas storage is over 90% full and still increasing. Yes, that came at great cost, and I think shutdown of some heavy industrial users. However, given that German cities and industry had been completely bombed to ruins and came back after some disastrous war that also killed millions, not that many decades ago, having less fossil fuels available now - not "zero" as some headlines claim - for a relatively short amount of time of a year or two, so what? This little thing is supposed to be the end of German industry and lead to complete "German deindustrialization"? What a joke. As a German, this is exactly the kind of shock this country needs to get its energy- and fossil-fuel act together. With continued stable cheap supplies nothing would have happened. And no, it's not the politicians. They just do what the majority of people want. The goal for the future is to require much less fossil fuels, and this shock helps a lot to finally speed things along, for example, also from this very deal: > The bilateral deal with the UAE, signed with UAE president Mohammed bin Zayed al-Nahyan, also covered other energy agreements, including a deal with Germany’s Steag and Aurubis for the supply of low-carbon ammonia to fuel hydrogen, with the aim of decarbonising industrial sectors. The first cargo arrived in Hamburg this month. > Masdar, the UAE’s renewables vehicle, will explore offshore wind projects in the North Sea and the Baltic Sea off the German coast in an effort to generate 10GW of renewable energy output by 2030. > Adnoc also delivered its first diesel delivery to Germany this month as part of an agreement to supply 250,000 tons of diesel a month next year to a German company. https://www.ft.com/content/0065dfcc-4519-41b6-9883-92e7ff13777d https://www.ft.com/content/0065dfcc-4519-41b6-9883-92e7ff137...
  - dna_polymerase 4y ago
    My response aimed at the claim of the headline being clickbait. The things you state may or may not be true but they do not invalidate the Bloomberg headline in any way.
  - homeland221 4y ago
    Those 90% is estimated enough use for 2 months+ like from Jan to early March. Winter is coming. Energy consumption from Nov to Jan can double that for normal winter. For bad winters expect triple. If it is not desperate, the head of country Germany contact like beggar asking help. Remember USA suppose to deliver LNG to Germany as well. Now USA strategic reserve dropping to 1984 level and expect to further drop so they can sustain a "cheaper price" for the coming midterm.....all I can say is winter is coming....cue GoT background music.

by kken 4y ago

dna_polymerase 4y ago

Absolutely not. The single tanker load is the only binding agreement.

nosianu 4y ago
But that is just one country, one source. There already are other sources, Russia supplied ca. 55% of gas used to Germany, not 100%, and less to other European countries. And in the Middle East UAE is just one of the countries Germany is in talks with, and the UAE is not even a big producer of LNG thus far. According to recent headlines it's actually the US who is supposed the most important source of LNG (German article: https://www.spiegel.de/wirtschaft/usa-wohl-bald-wichtigster-lng-lieferant-fuer-die-eu-a-d6632ac5-7686-4e88-99af-467805c02e3e https://www.spiegel.de/wirtschaft/usa-wohl-bald-wichtigster-...). https://www.theguardian.com/world/2022/jul/21/how-reliant-is-germany-and-europe-russian-gas-nord-stream https://www.theguardian.com/world/2022/jul/21/how-reliant-is... Also, they did not buy gas alone, there also were agreements for thigs like Diesel. Then, the new approach is to have many sources instead of only some large suppliers. So, UAE is just one stop of many. Those 137,000 m^3 are delivered this year - which is better than expected because thus far we were told we could get zero LNG from the Middle East this year because it's too soon. We are only just building the terminals too! And such things normally take decades in Germany... Great achievement to turn the positive surprise into a negative headline. Also, German gas storage is over 90% full and still increasing. Yes, that came at great cost, and I think shutdown of some heavy industrial users. However, given that German cities and industry had been completely bombed to ruins and came back after some disastrous war that also killed millions, not that many decades ago, having less fossil fuels available now - not "zero" as some headlines claim - for a relatively short amount of time of a year or two, so what? This little thing is supposed to be the end of German industry and lead to complete "German deindustrialization"? What a joke. As a German, this is exactly the kind of shock this country needs to get its energy- and fossil-fuel act together. With continued stable cheap supplies nothing would have happened. And no, it's not the politicians. They just do what the majority of people want. The goal for the future is to require much less fossil fuels, and this shock helps a lot to finally speed things along, for example, also from this very deal: > The bilateral deal with the UAE, signed with UAE president Mohammed bin Zayed al-Nahyan, also covered other energy agreements, including a deal with Germany’s Steag and Aurubis for the supply of low-carbon ammonia to fuel hydrogen, with the aim of decarbonising industrial sectors. The first cargo arrived in Hamburg this month. > Masdar, the UAE’s renewables vehicle, will explore offshore wind projects in the North Sea and the Baltic Sea off the German coast in an effort to generate 10GW of renewable energy output by 2030. > Adnoc also delivered its first diesel delivery to Germany this month as part of an agreement to supply 250,000 tons of diesel a month next year to a German company. https://www.ft.com/content/0065dfcc-4519-41b6-9883-92e7ff13777d https://www.ft.com/content/0065dfcc-4519-41b6-9883-92e7ff137...
- dna_polymerase 4y ago
  My response aimed at the claim of the headline being clickbait. The things you state may or may not be true but they do not invalidate the Bloomberg headline in any way.
- homeland221 4y ago
  Those 90% is estimated enough use for 2 months+ like from Jan to early March. Winter is coming. Energy consumption from Nov to Jan can double that for normal winter. For bad winters expect triple. If it is not desperate, the head of country Germany contact like beggar asking help. Remember USA suppose to deliver LNG to Germany as well. Now USA strategic reserve dropping to 1984 level and expect to further drop so they can sustain a "cheaper price" for the coming midterm.....all I can say is winter is coming....cue GoT background music.