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LNG import arrives in Germany from UAE, while Israel begins oil exports
22/2/2023
News
As Europe continues to diversify energy supplies in the wake of the Russia/Ukraine war, RWE has received delivery of the first LNG shipment from ADNOC at the Elbehafen floating LNG terminal in Germany. Meanwhile, Israel has become an oil exporter for the first time, with a shipment headed to Europe from the country’s Karish field.
Produced by ADNOC Gas at Das Island, Abu Dhabi, the shipment of 137,000 m3 of LNG is the commissioning cargo for the new floating LNG terminal in Brunsbüttel and the first ever LNG cargo to be shipped to Germany from the Middle East.
The delivery marks an important milestone in developing Germany’s domestic LNG supply infrastructure and is sufficient to produce approximately 900mn KWh of electricity, enough to supply approximately 250,000 German homes for a year, reports RWE.
The cargo follows the inaugural ammonia shipment in October 2022, and furthers cooperation on energy security, decarbonisation and lower-carbon fuels between the UAE and Germany.
Commenting on the arrival of the cargo, Stefan Wenzel, Parliamentary State Secretary at the German Federal Ministry for Economic Affairs and Climate Action, said: ‘Now, more than ever we need to push for a global energy transition, including the diversification of natural gas resources. In the short term, and for the time being, we need more LNG to arrive at German terminals like here in Brunsbüttel. Going forward, we must accelerate the switch from conventional natural gas to green hydrogen and derivates such as ammonia – which has the best chance of success at the European and international level.’
Israel joins the oil exporters club
Meanwhile, Energean has announced that the first ever lifting of an Israeli crude oil cargo has taken place via the Energean Power floating production, storage and offloading (FPSO) vessel at the Karish field, offshore Israel.
Reported to be the first time in the history of Israeli oil and gas production that hydrocarbon liquids will be exported to global markets, the cargo has been sold as part of a multi cargo marketing agreement with Vitol and represents the first of a new source of East Mediterranean energy to reach Europe.
Commenting on the announcement, Nick Witney, Energean Group Commercial Director, says: ‘While we remain a gas focused company – with our Israeli gas production central to our role in enabling the energy transition – light, sweet crude oil responsibly produced from modern, low-carbon intensity facilities is very much in demand globally.’
Oil demand rises to record high
Global oil demand climbed in December by 1.3mn b/d to a new record high, according to new data from the Joint Organisations Data Initiative (JODI). Demand growth was driven primarily by gains in Japan, Indonesia and Korea.
Meanwhile, global crude production declined by 274,000 b/d in December to a five-month low, led by losses in the US and UK. Global demand was at 102% of pre-COVID levels in December, while crude production was at 96% of pre-pandemic levels, JODI reports.
The first ever lifting of an Israeli crude oil cargo has taken place at Energean’s Karish field
Photo: Energean
