DEAL! QATAR SIGNS LONG TERM GAS SUPPLY WITH GERMANY

DEAL! QATAR SIGNS LONG TERM GAS SUPPLY WITH GERMANY

Qatar signs gas supply with Germany. Qatar Energy and ConocoPhillips have signed an agreement to ship 2 million tons of LNG per year from Qatar to Germany from 2026. Qatar’s energy minister Saad al Kaabi said the LNG supply deal would last at least 15 years. “These agreements are very important. They mark the first long-term supply of LNG to Germany.” Saad explained. Also Read: Great! 21 European Union Countries Interested in Investing in IKN This agreement represents Qatar Energy’s real commitment to provide reliable energy supply to all major markets worldwide and a commitment to the German people. Qatar continues to talk to German buyers about additional supplies, Saad said Qatar was in talks with Germany’s RWE and Uniper SE about a long-term LNG contract. The gas will come from a ConocoPhillips joint venture in Qatar and be sent to the Brunsbuttel floating import terminal under construction. Qatar signs gas supply with Germany. As is well known, Germany is looking for new gas sources after the government secured floating LNG import plants to help alleviate the unprecedented energy price crisis, Russia responded to sanctions after the invasion of Ukraine by cutting gas flow to Europe. The five import facilities leased by the German government will cost a total of £6.5 billion (US$6.7 billion) over the next 10 to 15 years. Once operational, they will be able to meet about a third of Germany’s current gas demand.

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