May 20, 2022 07:17 GMT
Qatar is aiming to start sending LNG to Germany in 2024 according to the Gulf states deputy prime minister in an interview with German newspaper Handelsblatt released today.
- "We want to have our U.S. Golden Pass liquefied natural gas plant in Texas, in which Qatar Energy holds a 70% stake, ready to deliver to Germany as early as 2024," according to Sheikh Mohammed bin Abdulrahman Al-Thani.
- Germany has pushed ahead with plans to develop domestic LNG capacity. It has leased four floating storage and regasification units and highlighted Wilmhelshaven as its first LNG handling hub in response to moving away from Russian piped supplies.
- German LNG infrastructure has failed to attract investment in recent years because it is more costly than piped supply.
- Germany has stated they intend to progress with a Russian oil ban even if not agreed by the EU before progressing towards independence from Russian gas flows.