INSEAD Day 4 - 728x90

Sanad posts record revenue

Growth driven by global demand for services.

Bank of Sharjah profit up 39%

Bank's total assets grow 10% to $14.4 billion.

DIB H1 net profit $1bn

Gross revenue increased 10% year on year

SIB H1 profit up 15.3%

Total operating income rises 20.5 percent.

flydubai Aleppo flights resumed

The flights were resumed after nearly 14 years.

ADNOC delivers first Middle East LNG cargo to Germany

This is Middle East's first LNG delivery to Germany. (WAM)
  • The shipment of 137,000 cubic meters of LNG is the commissioning cargo for the new floating LNG terminal in Brunsbüttel in Germany.
  • The cargo is sufficient to produce approximately 900 million kilowatt hours of electricity, enough to supply approximately a quarter million German homes for a year.

Abu Dhabi, UAE– ADNOC and RWE Aktiengesellschaft (RWE) Wednesday announced the successful delivery of the first shipment of Liquefied Natural Gas (LNG) from Abu Dhabi in the UAE to the Elbehafen floating LNG terminal in Brunsbüttel, Germany.

Produced by ADNOC Gas at Das Island, Abu Dhabi, the shipment of 137,000 cubic meters of LNG is the commissioning cargo for the new floating LNG terminal in Brunsbüttel and the first-ever LNG cargo to be shipped to Germany from the Middle East.

This follows the inaugural ammonia shipment in October 2022, and furthers cooperation on energy security, decarbonization and lower-carbon fuels between the UAE and Germany.

The cargo is sufficient to produce approximately 900 million kilowatt hours of electricity, enough to supply approximately a quarter million German homes for a year.

The UAE-Germany Energy Security and Industry Accelerator (ESIA) Agreement was signed in September 2022 to accelerate projects of joint interest between the two countries in energy security, decarbonization and climate action. As part of the agreement, ADNOC entered into an LNG supply agreement with RWE, with further cargos reserved exclusively for German customers in 2023.