Qatar signs deal to sell Germany natural gas
The agreement demonstrates the continued significance of Qatar's natural gas, despite pressure to transition to renewable energy.
Qatar and Germany have finally signed a long-term natural gas supply agreement.
The state-owned QatarEnergy signed a deal with the US energy giant ConocoPhillips to supply Germany with about 2 billion cubic meters of liquified natural gas per year. The agreement is for 15 years, but the first shipment will not take place until 2026, the official Qatar News Agency reported.
The gas will come from Qatar's North Field East and North Field South offshore gas fields, QatarEnergy said in a statement. North Field East is one of the biggest natural gas fields in the world.
Per the agreement, a subsidiary of ConocoPhillips will purchase agreed-upon quantities of gas from Qatar and the gas will then be delivered to a German terminal, Reuters reported.
