ADNOC signs low-carbon ammonia, LNG carrier deals with Korean partners

A picture shows a storage facility of oil giant ADNOC in the Msaffah industrial district in the Emiarti capital Abu Dhabi on 17 January 2022 [AFP via Getty Images]

ADNOC revealed LNG, low-carbon ammonia agreements during the United Arab Emirates (UAE) President’s state visit to the Republic of Korea, Gulf News reports.

According to the report, both the UAE President, Sheikh Mohamed Bin Zayed Al Nahyan, and Korean President, Yoon Suk Yeol, witnessed the signing of the agreements.

ADNOC’s agreements include the development of low-carbon ammonia value chains and LNG supply with the company’s Korean counterparts.

The report adds the new deals also are part of the strategic partnership between the two countries in priority fields including economy and investment, conventional and clean energy, peaceful nuclear energy, defence and defence technology and cybersecurity, and other areas of mutual interest.

READ: Pro-Palestine protests in Japan demand divestment from Israel

Unless otherwise stated in the article above, this work by Middle East Monitor is licensed under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International License. If the image(s) bear our credit, this license also applies to them. What does that mean? For other permissions, please contact us.