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Taqa Abandons Sale of Netherlands Upstream Assets

29/03/2023

On 6 October 2022, Abu Dhabi National Energy Company (TAQA) entered into agreement with Waldorf Energy Netherlands BV for the sale of its upstream oil and gas business in the Netherlands.

TAQA confirms that as Completion did not occur in accordance with its terms, it has terminated the agreement on 28 March 2023.

TAQA remains committed to its business in the Netherlands and will continue to contribute actively to the security of supply of gas through its upstream and gas storage activities.

KeyFacts Energy: TAQA Netherlands country profile

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