RWE talks with ADNOC over LNG have slowed somewhat due to crisis, CEO says
ESSEN, Germany, March 12 (Reuters) - Talks RWE is holding with ADNOC over potential deliveries of liquefied natural gas have slowed in light of the U.S.-Israeli war on Iran, which has caused major shutdowns of local energy infrastructure, the utility's CEO said.
RWE had signed a provisional agreement with ADNOC in February that could see it purchase LNG supplies for European markets, as Berlin pushes to diversify its energy partners.
"Discussions with ADNOC are of course continuing, albeit at a slightly slower pace given all the issues our colleagues are dealing with," RWE CEO Markus Krebber told journalists at the company's annual press conference.
"But we have been in productive talks about turning the memorandum of understanding into contracts."
