QatarEnergy, Qatar’s state-owned oil and gas company, has agreed to send Germany two million tons of liquefied natural gas (LNG) a year, according to the company’s CEO.
Deliveries will start in 2026. The gas will be sold by Qatar to the US company ConocoPhillips, which will then deliver it to the LNG terminal in Brunsbüttel, Qatar’s energy minister said in the capital, Doha.
Germany consumes around 100 billion cubic meters of natural gas annually, a little over half of which had been coming from Russia. The deal struck with QatarEnergy covers around 2.7 billion cubic meters per year.
Qatar aims to “contribute to efforts to support energy security in Germany and Europe”, Energy Minister and QatarEnergy CEO Saad Sherida al-Kaabi said.
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“Germany represents the largest gas market in Europe … and we are committed to supporting its energy security,” Saad al-Kaabi said.
China, Japan, and South Korea are currently the main markets for Qatar’s gas. Last week, Doha struck a 27-year agreement to ship four million tons of LNG a year to China.
Moscow has slashed gas supplies to European countries over their support for Kyiv following Russia’s invasion of Ukraine. Germany, once a major importer, hasn’t received any Russian gas since August.
The country is building five LNG terminals in order to replace Russian supplies.