Greater Middle East (bbabo.net), - Qatari company Qatar Energy has signed a long-term contract with the American company ConocoPhillips for the supply of liquefied natural gas to Germany, Der Spiegel magazine reports today, November 29, citing the Minister of Energy of the Emirate, Saad bin Sharid al-Kaabi.
Under the terms of the agreement, the energy giant Qatar Energy will sell LNG to an American counterparty, which, in turn, will be responsible for delivering the energy resource to the liquefied gas receiving terminal in Brunsbüttel, Germany. According to the contract, the annual volume of deliveries will be about 2 million tons of LNG. The agreement is designed for 15 years, deliveries will begin in 2026.
“We have good relations with German companies and the German government. Qatar separates politics from trade,” Der Spiegel reports Saad bin Sharid al-Kaabi.
It is noted that the agreed volumes of supplies will provide approximately three percent of the annual gas consumption in Germany. At the same time, as the Minister of Energy of the emirate specified, Qatar Energy is currently negotiating with German gas suppliers on "deepening bilateral cooperation" in the field of Qatari LNG exports to Germany.
As bbabo.net previously reported, Germany and Qatar ran into difficulties during negotiations to conclude a long-term gas supply contract due to disagreements over key terms, including the length of the agreement. According to Reuters, Germany opposed the conditions of Qatar to sign contracts for a period of at least 20 years.
Recall that last week, German Chancellor Olaf Scholz said in an interview with Focus that the German government does not exclude the purchase of Qatari LNG.
“German companies are conducting very substantive negotiations, about which I could tell more than I will tell,” the head of the Cabinet said.
It should be noted that a week earlier, the Qatari producer Qatar Energy signed a long-term contract for the supply of LNG to the Chinese state energy giant China Petroleum & Chemical Corporation (Sinopec), the contract is designed for 27 years and involves the supply of 4 million tons of LNG per year.