Mega surprise: Qatar is now supplying gas to Germany

Created: 11/29/2022, 12:59 p.m

By: Thomas Schmidtutz

Federal Economics Minister Robert Habeck and Saad Sharida al-Kaabi (2nd from right): After tough negotiations, Germany and Qatar have agreed on the delivery of liquid gas.

(Archive image) © Bernd von Jutrczenka/dpa

The Qatari energy giant Qatar Energy has reached a gas supply agreement with the federal government.

The timing is surprising.

Berlin/Doha – After tough negotiations, Germany and Qatar have agreed on the delivery of liquid gas.

The first tankers are scheduled to dock on the German coast in 2026.

State energy giant Qatar Energy wants to supply up to two million tons a year, said Qatar's Energy Minister Saad Sharida al-Kaabi on Tuesday.

For this purpose, the gas should be sold to the US company Conoco Phillips and then delivered to Brunsbüttel.

The deal is for at least 15 years.

In addition, Qatar Energy is in talks with German companies about further gas deliveries, explained Al-Kaabi.

"We have good relations with German companies and with the German government," he said.

Just last week, Chancellor Olaf Scholz (SPD) declared that the purchase of liquefied natural gas (LNG) in Qatar was not off the table. "German companies are in very concrete talks about which I could tell you more than I will," said Scholz to the focus.

LPG: Qatar is sitting on a billion dollar treasure

Qatar is one of the world's largest exporters of LPG.

The rich emirate has the third largest gas reserves in the world after Russia and Iran.

Qatar shares the world's largest gas field with Iran, located off the country's coast.

The vast majority of exports go to Asia, so far primarily to Japan, South Korea and India.

The plants for liquefying natural gas are extremely expensive.

Therefore, Qatar is pushing for long-term deals.

Just a few weeks ago, a mega deal with China made headlines.

After that, Qatar Energy wants to deliver a total of 108 million tons of liquid gas.

The contract is for 27 years.

Minister Al-Kaabi said it was the longest gas supply contract in the history of the liquid gas industry.

Our free business newsletter provides you with all relevant business news on a regular basis.

Click here for registration. 

LPG: Habeck sees the central building block for energy supply

Federal Minister of Economics Rober Habeck (Greens) is pushing ahead with plans to use LNG.

The corresponding preparations are in full swing.

Just over a week ago, the “Neptune”, the first special ship for converting LNG into the gaseous state, arrived in Germany.

The first German LNG terminals are also about to start operations.

The gas storage facilities are now full, and according to industry data, they were 100 percent full by Tuesday.

But liquefied natural gas should make an additional contribution, Federal Economics Minister Robert Habeck (Greens) speaks of a "central building block for securing our energy supply in the coming winter".

also read

3000 euros pension: This is how retirees reach the record amount

When the 300 euros of the energy flat rate really end up in pensioners' accounts

So far, Germany and other European countries have received the LNG received via the Netherlands, Belgium or France primarily from the USA.

On a trip in the spring, Habeck tried to establish supply relationships with Qatar.

Other important LNG exporting countries are Australia, Malaysia and Nigeria.