Germany to get new Qatari LNG flows through QatarEnergy, ConocoPhillips deal – Reuters

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  • Date: 29-Nov-2022
  • Source: Reuters
  • Sector:Oil & Gas
  • Country:Qatar
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Germany to get new Qatari LNG flows through QatarEnergy, ConocoPhillips deal – Reuters

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DOHA, Nov 29 (Reuters) - Germany is set to receive new flows of Qatari liquefied natural gas (LNG) from 2026 after QatarEnergy and ConocoPhillips (COP.N) on Tuesday signed two sales and purchase agreements for its export covering at least a 15-year period.

Since Russia's invasion of Ukraine in February, competition for LNG has become intense, with Europe in particular needing vast amounts to help replace Russian pipeline gas that used to make up almost 40% of the continent's imports.

The deal, the first of its kind to Europe from Qatar's North Field expansion project, will provide Germany with 2 million tonnes of LNG annually, arriving from Ras Laffan in Qatar to Germany's northern LNG terminal of Brunsbuettel, QatarEnergy's chief executive said.

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