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Free AccessQatar to Send LNG to Germany from 2024
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.
To read the full story
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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.