The United Arab Emirates agreed to an LNG supply deal with Germany’s RWE during Chancellor Olaf Scholz’s visit to the Gulf. The deal only covers one tanker of LNG, or 137,000 cubic meters, to be delivered later this year for trials at a floating LNG import terminal that is currently being constructed in Germany. According to the Financial Times, which cited unnamed sources, there are plans for five more LNG shipments to be sent by Emirati ADNOC to RWE in 2023. “We need to make sure that the production of LNG in the world is advanced to the point where the high demand that exists can be met without having to resort to the production capacity that exists in Russia,” Scholz said. This would take a lot of effort on a global scale and that effort would take a lot of time, which Germany does not really have. And […]