Germany, Qatar Sign Energy Partnership Agreement Focused on Gas
(Reuters) — Germany and Qatar signed on Friday a declaration to deepen their energy partnership, with a focus on trade in hydrogen and LNG, as Europe's biggest economy looks for alternative supplies amid Russia's invasion of Ukraine.
The partnership deal foresees regular meetings between authorities from both countries and creates a working group focused on developing trade relations in LNG and hydrogen, as well as one devoted to renewable energy.
Qatar's Emir Sheikh Tamim bin Hamad al-Thani was in Germany for the signing of the deal with German Economy Minister Robert Habeck, who travelled to Qatar in March, along with officials from German utilities RWE and Uniper, for talks on long-term LNG supply deals.
The agreement does not mean long-term LNG deals will be concluded, three people familiar with the supply deal talks told Reuters earlier this month.
Those talks face challenges, they said, with Berlin reluctant to commit to Qatar's conditions to sign deals of at least 20 years to secure the massive LNG volumes Germany needs to reduce its dependence on Russian gas.
Russia is currently the largest supplier of gas to Germany, and Habeck has launched several initiatives to lessen Berlin's energy dependence on Moscow since the invasion of Ukraine.
Related News
Related News
- Phillips 66 to Shut LA Oil Refinery, Ending Major Gasoline Output Amid Supply Concerns
- FERC Sides with Williams in Texas-Louisiana Pipeline Dispute with Energy Transfer
- U.S. Appeals Court Blocks Kinder Morgan’s Tennessee Pipeline Permits
- ConocoPhillips Eyes Sale of $1 Billion Permian Assets Amid Marathon Acquisition
- Valero Considers All Options, Including Sale, for California Refineries Amid Regulatory Pressure
- U.S. Appeals Court Blocks Kinder Morgan’s Tennessee Pipeline Permits
- Malaysia’s Oil Exports to China Surge Amid Broader Import Decline
- U.S. LNG Export Growth Faces Uncertainty as Trump’s Tariff Proposal Looms, Analysts Say
- Marathon Oil to Lay Off Over 500 Texas Workers Ahead of ConocoPhillips Merger
- Valero Considers All Options, Including Sale, for California Refineries Amid Regulatory Pressure
Comments