Germany Signs Energy Deal With Qatar

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Germany and Qatar will cooperate more closely in the field of energy. The trade in hydrogen and liquefied natural gas (LNG) is particularly important in this respect.

 

Europe’s largest economy has been frantically seeking alternatives to Russian gas since the Russian invasion of Ukraine.

The deal means, among other things, that authorities of both countries will regularly consult each other. A working group is also being set up to deal with the development of trade relations in the field of LNG and hydrogen. Another working group will focus on renewable energy.

The Emir of Qatar, Sheikh Tamim bin Hamad al-Thani, was in Germany for the signing of the agreement. He did so in the presence of German Economy Minister Robert Habeck, who travelled to Qatar in March. In addition to the minister, representatives of the German utility companies RWE and Uniper were also present at the time. At the time, long-term LNG supply deals were also discussed.

However, Germany is said to have not yet signed an agreement with Qatar on the supply of LNG. That would be due to the conditions set by the Gulf state. Qatar would like a contract term of at least 20 years.

Russia is currently the largest gas supplier to Germany. But that has to change, according to Germany. Since the invasion of Ukraine, the country has already launched several initiatives to reduce its dependence on Russia.

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