QatarEnergy has signed two sales and purchase agreements with ConocoPhillips to deliver up to 2 million tonnes per annum (mtpa) of liquefied natural gas (LNG) to Germany.
A ConocoPhillips unit will buy the agreed quantities to be delivered to the German LNG terminal, which is currently under development in Brunsbüttel, with deliveries expected to start in 2026, the state-owned energy company said on last Tuesday.
The LNG will be sourced from the two joint ventures between QatarEnergy and ConocoPhillips that hold interests in Qatar’s North Field East and North Field South projects, the company said.
“The agreements mark the first ever long-term LNG supply to Germany with a supply period that extends for at least 15 years, thus contributing to Germany’s long-term energy security,” Saad Al Kaabi, Qatar’s Minister of State for Energy Affairs, said.
“This is a concrete demonstration of QatarEnergy’s resolve to provide reliable energy supplies to all major markets around the world, and of our commitment to the German people.”
The agreement will help Germany diversify its supplies as it grapples with dwindling Russian gas exports.
To replace Russian gas in the short-term, Germany and other European countries have brought coal-fired power plants back into operation and this has triggered concerns about their ability to meet climate commitments.
