Qatar announced this Tuesday an agreement to supply Germany with liquefied natural gas (LNG) for 15 years, in the midst of the world’s energy caused by the war in Ukraine.
This agreement, concluded between Qatar Energy and the American company Conocophilips, will contribute “to efforts aimed at supporting energy security in Germany and Europe,” said Energy Minister Saad Sherida Al-Kaabi, at a press conference.
Under the terms of this agreement, the Gulf country will provide from 2026 “up to 2 million tonnes of LNG per year” to the gas terminal under construction in Brunsbuntell, northern Germany, said the minister.
Asia (China, Japan and South Korea in mind) is the main market for Qatar gas, more and more courted by European countries since the invasion of Ukraine by Russia.
But negotiations with Europeans have been difficult, Germany and other countries that refused to sign long -term agreements identical to those who bind Qatar to its Asian customers.
Last week, the country concluded a supply agreement with China over 27 years, a record duration in industry.
