QatarEnergy, ConocoPhillips sign agreement to supply LNG to Germany

QatarEnergy, ConocoPhillips sign agreement to supply LNG to Germany

QatarEnergy has signed two long-term LNG sale and purchase agreements (SPAs) with ConocoPhillips affiliates for the delivery of up to two million tons per annum (MTPA) of LNG from Qatar to Germany. A ConocoPhillips wholly owned subsidiary will purchase the agreed quantities to be delivered ex-ship to the “German LNG” receiving terminal, which is currently under development in Brunsbüttel in northern Germany, with deliveries expected to start in 2026, QatarEnergy said in a statement. The LNG volumes will be sourced from the two joint ventures between QatarEnergy and ConocoPhillips that hold interests in Qatar’s North Field East (NFE) and North Field South (NFS) projects. “We are pleased to sign these agreements with our partner ConocoPhillips to supply up to 2 million tons per annum of LNG to Germany from the two QatarEnergy-ConocoPhillips joint ventures in the NFE and NFS LNG expansion projects respectively, starting in 2026,” said Saad Sherida Al-Kaabi, president and CEO of QatarEnergy. Al Kaabi is also the Minister of State for Energy Affairs. “Germany is the largest gas market in Europe, with significant demand in the industrial, power, and household sectors, and we are committed to contribute to the energy security of Germany and Europe at large.