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Germany seals major energy deal with the UAE

Germany seals major energy deal with the UAE

The United Arab Emirates (UAE) and Germany signed a "landmark agreement" on Sunday (25 September) aimed at accelerating joint efforts to boost energy security, decarbonisation and combat climate change. The major deal was struck in the presence of UAE President, Sheikh Mohammed bin Zayed, and German Chancellor Olaf Scholz, who is currently visiting the Emirates. The deal secures the delivery of 137,000 cubic meters of LNG to be sent to the new LNG terminal in Brunsbüttel near Hamburg in December. According to the dpa news agency, the amount included in the first delivery equates to around 0.95 billion kilowatt hours of electricity. However, the LNG deal can only make up for a small part of the 56.3 billion cubic meters of gas that Germany received from Russia in 2020.