-
Pakistan's last antique restorers give old treasures new life
-
Reparations calls to dog King Charles's tough Caribbean trip
-
India braces for Cyclone Arnab with evacuations
-
Global rates and foreign outflows remain key risks for Indian markets
-
Steel Strips Wheels gains 36% in two sessions on growth outlook
-
Neha Nagar says ₹3 crore can fund retirement with disciplined planning
-
Cavs edge T'Wolves in overtime despite superb Edwards
-
Vikas Satija says steady SIP flows shielded Indian equities from deeper losses
-
Prescott fires Cowboys to 38-21 win over plummeting Eagles
-
Brewers rout Rays to reach brink of World Series sweep
-
Kuwait padel chief hails national showing at Premier Padel Major
-
Mbappe dropped by Chinese brands for 'offending national sentiments'
-
Britain prepares constrained budget as debt and defence pressures mount
-
Kuwait exhibition presents Ukraine’s Islamic heritage and cultural ties
-
Valkyries beat Dream to reach brink of WNBA title
-
Tech firms track Wall St rally on mixed day for Asian markets
-
Benjamin Netanyahu: Israel's longest-serving PM fighting for survival
-
Jay-Z to perform at Super Bowl LXI halftime show: NFL
-
Kuwait receives invitation to 2026 UN Water Conference in Abu Dhabi
-
Climate-threatened Fijian utopia rejects calls to relocate
-
Arab World Institute president outlines plans for stronger Kuwait-France cultural links
-
Israel to give verdict on Netanyahu in pivotal election
-
Bolsonaro's party says it recognizes Lula's election win in Brazil
-
$1m bounties, dawn arrests: Trump presses voter fraud campaign
-
Meghan on TV menu for 'Junior MasterChef Australia'
-
Gasping for air: Borneo residents struggle as island burns
-
South Korea's chip boom fuels forecast-beating third-quarter growth
-
Doha exhibition charts a millennium of Chinese maritime ceramics trade
-
US-brokered truce begins in Ukraine city occupied by Russia
-
New Zealand ex-PM Ardern to teach leadership in Sydney
-
Qatar launches Fashion and Crafts Council to connect talent with global markets
-
Ballon d'Or 'beyond wildest dreams' but Kane has plenty more to prove
-
Jordan strikes militant groups in Syria after church attack
-
No envy, no secrets: How Spain's Gipuzkoa became football coaching hotbed
-
FIA chief praises Middle East motorsport volunteers and officials
-
South Korea economy grows three times faster than expected in Q3
-
Australia warns of 'unprecedented' AI threat
-
Al-Thawadi urges technology to deepen human connection through shared experiences
-
Qatar Amir arrives in Moscow for eighth GECF summit
-
Ballon d'Or: Harry Kane's crowning moment
-
Kane beats Yamal and Mbappe to taste Ballon d'Or glory
-
Harry Kane wins men's Ballon d'Or
-
عمار بن حميد يوجّه بتطوير الخدمات للمواطنين والمقيمين وقطاع الأعمال
-
الأردن ينفذ ضربات على أهداف في سورية بعد توقيف منفذي هجوم الكنيسة
-
تمويل مشروع دندرة للطاقة الشمسية بقيمة 650 مليون دولار
-
وزير الصناعة المصري: القطاع الخاص يقود مسار التنمية الصناعية
-
دراكنميلر: تحركات الأسواق تحمل إشارات ينبغي الإصغاء إليها
-
تحدي القراءة العربي يوسع أثره ويعزز المشاركة المعرفية
-
عز العرب السويدي تقدم سيارات جايكو إلى السوق المصرية
-
تقدير احتياجات 420 مصنعاً متعثراً بنحو أربعة مليارات جنيه
United Arab Emirates agrees to supply Germany with gas, diesel
The United Arab Emirates agreed Sunday an "energy security" deal with Germany to supply liquefied natural gas and diesel as Berlin searches for new power sources to replace Russian supplies.
Emirati industry minister Sultan Ahmed Al Jaber called it a "landmark new agreement" that "reinforces the rapidly growing energy partnership between the UAE and Germany", at a signing attended by German Chancellor Olaf Scholz, the UAE's state news agency WAM reported.
Scholz was on a visit to the UAE as part of a Gulf tour that also includes stops in Saudi Arabia and Qatar.
He met with Emirati President Sheikh Mohamed bin Zayed Al-Nahyan, who said on Twitter afterwards they had discussed "further opportunities for cooperation in areas including energy security, emissions reduction and climate action".
The German leader said he "welcomed" the "energy security" agreement, WAM said.
As part of the deal, the UAE will provide "an LNG cargo for delivery in late 2022, to be used in the commissioning of Germany’s floating LNG import terminal at Brunsbuettel", a North Sea port, the WAM report added.
UAE state oil company ADNOC completed its first ever direct diesel delivery to Germany earlier this month, and will "supply up to 250,000 tons of diesel per month in 2023", it said.
"ADNOC has reserved a number of further LNG cargos exclusively for German customers in 2023," it said.
Sunday was the second and final day of Scholz's Gulf tour, which he hoped would seal new energy deals to replace Russian supplies and mitigate the energy crisis resulting from Moscow's invasion of Ukraine.
On Saturday, he met in Jeddah with Saudi Crown Prince Mohammed bin Salman, and on Sunday afternoon he arrived in gas-rich Qatar to hold talks with Emir Sheikh Tamim bin Hamad Al-Thani.
- Energy transition -
Scholz's stop in the UAE included a tour of an environmental project at a mangrove park with Emirati climate change minister Mariam Almheiri.
Almheiri said discussions on Sunday would, in addition to energy security, cover "climate action and economic growth".
"The UAE believes all three pillars must go hand and hand. We cannot look at one or two of these pillars separately," she said.
She also reiterated Abu Dhabi's insistence on "a just transition" away from fossil fuels.
Both the UAE and Saudi Arabia have been leading critics of what they describe as "unrealistic" transition models they say have contributed to the current energy crunch.
Scholz told reporters in Abu Dhabi that his country had "made progress on a whole series of projects here in terms of the production and purchase of diesel and gas", while adding it was determined to avoid energy dependence on Russia in the future.
"The fact that we are dependent on one supplier and also dependent on its decisions will certainly not happen to us again," he said.
"With the investments that we are now making in Germany, and that will become reality bit by bit next year, we will indeed have an infrastructure for gas imports for Germany, such that we are no longer directly dependent on the specific supplier at the other end of the pipeline, as we are with a pipeline connection."
His visit to Qatar comes one day after France's TotalEnergies signed a new $1.5 billion deal to help expand Doha's natural gas production.
Scholz said such projects were "important".
"We have to ensure that the production of liquefied gas in the world is advanced to such an extent that the high demand that exists can be met -- without having to fall back on the production capacities in Russia that have been used so far," he said.
J.Saleh--SF-PST