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Germany Looks to Qatar for LNG

ENERGY

An LNG deal signed with Qatar today is set to help Germany move away from Russian gas.

  • Germany is pushing to develop LNG import infrastructure on its northern coast, before working with Qatar to transfer the set-up towards hydrogen when the technology is suitably developed.
  • It is not clear when the first shipments of LNG will be sent to Germany but Qatar have indicated it will be in 2024. Germany had previously been reluctant to sign a deal with Qatar because of the length of the contracts. German had failed to develop LNG in the country because piped gas was cheaper.
  • "The energy security issue plays an important role for us. Germany will develop its infrastructure to be in a position to import liquefied gas by ship," German Chancellor Olaf Scholz said today in a news conference after signing an energy deal with Qatar.
  • Germany plans to be independent from Russian oil and product by the end of this year but have conceded that gas will take until 2024.
  • Germany is aiming to not become reliant on any one country for energy to avoid a situation like this again in the future.
Energy BulletsCommodities
Energy BulletsCommodities

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