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Abu Dhabi National Oil Company (ADNOC)

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+ Abu Dhabi National Oil Company (ADNOC)

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.