Energy supply: Emirates tie gas deliveries to Germany to conditions
Germany and the United Arab Emirates want to intensify their economic cooperation. The Emirates see a problem with gas.
Sheikh Mohamed bin Zayed Al Nahyan, President of the United Arab Emirates, ended his visit to Germany with several investment announcements and agreements. The UAE has pledged 40 billion euros in investments in Germany, with 29 memoranda of understanding and agreements signed between German and Emirati companies. One of the agreements was between German gas importer Sefe, Emirati state energy company Adnoc, and Adnoc's international investment arm XRG, to explore cooperation opportunities in the natural gas and LNG value chain.
However, EU regulations, specifically the methane regulation, pose a hurdle to the cooperation, with XRG's Rainer Seele calling for the regulation to be scrapped.
Written by urgent.news from Handelsblatt's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
