Germany, Qatar Reached Agreement on LNG Supply
- May 23, 2022
- Posted by: Quatro Strategies
- Category: Energy
Germany and Qatar reached and agreement on Friday to improve their energy partnership, with a focus on hydrogen and LNG trade as Europe’s biggest economy looks to diversify energy imports amid Russia’s invasion of Ukraine.
The cooperation will include regular meetings between officials from both countries and a working group that will focus on developing trade relations regarding LNG and hydrogen, as well as one devoted on renewables.
Qatar Emir Sheikh Tamim visited Berlin to sign the deal with the German Minister of Economy Habeck, who traveled to Qatar in March with a delegation involving RWE and Uniper officials, to discuss long term LNG supply deals.
The current agreement does not mean long-term LNG deals will be concluded.
Those talks have been obstructed after Berlin’s reluctance to accept Qatar’s request to sign deals of at least 20 years to secure the huge LNG volumes Germany needs to replace Russian gas.
Russia is currently the largest supplier of gas to Germany, and Habeck has launched several initiatives to lessen Berlin’s energy dependence on Moscow since the invasion of Ukraine.
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