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Germany's Habeck Open to Long Term LNG Contracts

LNG

Germany’s Economy Minister Robert Habeck said he is happy with the length of the LNG deal struck with Qatar.

  • "Fifteen years is great," he said, adding "I wouldn't have had anything against 20 (years) or longer contracts."
  • He said long term contracts place limits of Germany’s plans to become carbon neutral by 2045 and that the country will need to start reducing its gas consumption from the mid-2030s to meet its climate goals.
  • He said Germany would purchase the most favourable offers available. "That includes Qatar, but it's also not the only supplier on the world market," he added.
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