Qatar this Tuesday (29) announced an agreement that will make it possible to supply Germany with liquefied natural gas (LNG) for 15 years amid the world energy crisis caused by the war in Ukraine.
At a press conference, Qatar Energy Minister Saad Sherida Al-Kaabi announced that this agreement signed between Qatar Energy and the American company ConocoPhilips will contribute to “efforts to support energy security in Germany and Europe”.
The gas, which will be purchased through Qatar Energy’s longtime partner ConocoPhillips, will be sent to the new terminal in Brunsbuntell (north), Germany, which it is about to finish.
The minister stressed that under this agreement, the Gulf country will supply “up to two million tons of LNG per year” from 2026.
Asia, especially China, Japan and South Korea, is the main market for Qatar gas.
But now the kingdom is targeted by European countries seeking new energy suppliers since Russia’s invasion of Ukraine.
Negotiations are difficult because European countries refuse to sign long-term contracts like Doha has with Asian customers.
Last week, Qatar signed an industry-record 27-year supply agreement with China.
source: Noticias
Mark Jones is a world traveler and journalist for News Rebeat. With a curious mind and a love of adventure, Mark brings a unique perspective to the latest global events and provides in-depth and thought-provoking coverage of the world at large.