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2024
Purchase of the German chemical company Covestro for €14.7 billion
On October 1, 2024, UAE oil state-owned Abu Dhabi National Oil Co. (ADNOC) announced the conclusion of an agreement on the purchase of the German chemical manufacturer Covestro. The total amount of the transaction is €14.7 billion, including debt, which was the largest acquisition in the history of the energy corporation. Read more here
15-year gas agreement with Germany for the supply of 1 million tons of LNG per year from 2028
In March 2024, the UAE entered into a 15-year gas agreement with Germany.
Adnoc will supply SEFE with 1 million tons of LNG per year.
Deliveries from the Ruweis LNG plant, which Adnoc plans to build, will begin in 2028.
2023: TotalEnergies enters into $1 billion LNG purchase agreement with Adnoc Gas
French TotalEnergies LNG will buy from Adnoc Gas from as part of UAE a US 1 billion deal dollars.
"LNG will be delivered to various export markets around the world," Adnoc said in April 2023.
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