Qatar will supply Germany with liquefied natural gas for 15 years

Amid the global energy crisis caused by the war in Ukraine, Qatar announced on Tuesday (29 November) an agreement to supply Germany with liquefied natural gas (LNG) for fifteen years from 2026.

This agreement, which was concluded between QatarEnergy and the American company ConocoPhilips, will contribute “In support of energy security in Germany and Europe”The Minister of Energy of Qatar, Saad Sherida Al-Kaabi, announced this at a joint press conference with the CEO of ConocoPhillips, Ryan Lance. According to this agreement, the Gulf state will supply from 2026 “up to 2 million tons of LNG per year” In the gas terminal under construction in Brunsbüttel in northern Germany, the minister said.

In Berlin, the Minister of Economy, Robert Habeck, stated that he was satisfied with the duration of the contract with QatarEnergy and specified that “Affected companies must be aware that the receiving terminal in Germany must be phased out over time if we are to achieve our climate protection goals.. Saad al-Kaabi said that negotiations are underway with German companies on possible new supply contracts.

After the invasion of Ukraine, Qatar was courted by Europe

Asia (led by China, Japan and South Korea) is the main market for Qatari gas, which European countries are increasingly eyeing after Russia’s invasion of Ukraine. But negotiations with the Europeans have been difficult, with Germany and other countries refusing to sign long-term agreements identical to those that bind Qatar to its Asian clients. Last week, the country reached a twenty-seven-year supply agreement with Chinese firm Sinopec, an industry record.