Qatar signed an agreement on multi-year LNG supplies to Germany
[ad_1]
Today, November 29, the Qatari state-owned company Qatar Energy signed an agreement in Doha on multi-year supplies of liquefied natural gas (LNG) to Germany. Within its framework, the American company ConocoPhillips will start supplying LNG from 2026 through a terminal in northern Germany, near the city of Brunsbüttel. The terminal is currently under construction. The annual volume of LNG supplies is about 2 million tons. The gas will come from Qatar’s two largest fields, North Field East and North Field South, which are jointly operated by Qatar Energy and ConocoPhillips.
Qatar Energy Minister Saad Sherida Al-Kaabi said that “Germany is the largest gas importer in Europe with high demand for this type of fuel in sectors such as industry, energy and the residential sector. We are pleased to be contributing to the energy security of Germany and Europe as a whole.” ConocoPhillips CEO Ryan Lance added that “ConocoPhillips and Qatar Energy are delighted to be able to provide a secure and stable supply of LNG to the entire global market from our projects in Qatar.”
This is the second major agreement on multi-year LNG supplies from Qatar, signed over the past few days. On November 21, Qatar Energy entered into a 27-year LNG supply contract with China’s Sinopec, the longest LNG supply agreement in history. Under the terms of the deal, Qatar Energy will supply China with 4 million tons of LNG per year during this period. Deal volume evaluated at $60 billion.
[ad_2]
Source link
