Germany and Qatar sign 15-year LNG supply deal
![QatarEnergy CEO and Energy Minister Saad Sherida al-Kaabi pictured with ConocoPhillips CEO Ryan Lance upon signing the 15-year LNG deal. | Photo: KARIM JAAFAR/AFP / AFP](https://photos.watchmedier.dk/watchmedier/resize:fill:3840:0:0/plain/https://photos.watchmedier.dk/Images/14638373/ncb3o/ALTERNATES/schema-16_9/doc7ntul7ilm4712b5oh7b5.jpg)
Germany and Qatar have entered two sales and purchase agreements spanning at least 15 years and entailing 2 million annual tonnes of liquified natural gas from the nation on the Arab Peninsula to the central European country, informs Qatari Minister of State for Energy Affairs Saad Sherida al-Kaabi, who also serves as chief executive of petroleum company QatarEnergy, in a statement.
The contract, signed by QatarEnergy and ConocoPhillips, will enter force in 2026 and have a term of at least 15 years, the announcement reads.
The US-based oil company agrees to buy and deliver the fuel to Germany via the LNG terminal in Brunsbüttel, Schleswig-Holstein.
About the arrangement, al-Kaabi states that Qatar intends to ”contribute to efforts to support energy security in Germany and Europe.”
This deal is revealed a week after the Arab nation sealed a major energy agreement with Sinopec to send 4 million tonnes of LNG to China per annum for a term of 27 years.
Europe is in the midst of an energy dilemma resulting from the war in Ukraine.
The war and consequential slew of sanctions against Russia have led energy prices to skyrocket, with natural gas prices also soaring.
Such forms the background of deals being made with Qatar, for instance, which has otherwise been held in disregard as an energy partner for Western nations.
English edit: Daniel Frank Christensen
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