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.
Saad Sherida al-Kaabi (R), Qatar's energy minister and CEO of QatarEnergy, and Ryan Lance (L), CEO of multinational corporation ConocoPhillips, exchange documents during a press conference announcing a new deal, Doha, Qatar, Nov. 29, 2022.
Saad Sherida al-Kaabi (R), Qatar's energy minister and CEO of QatarEnergy, and Ryan Lance (L), CEO of multinational corporation ConocoPhillips, exchange documents during a press conference announcing a new deal, Doha, Qatar, Nov. 29, 2022. - Karim Jaafar/AFP via Getty Images
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Adam Lucente
@Adam_Lucente

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.

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