Germany agreed an energy partnership with Qatar as Chancellor Olaf Scholz met with Emir Sheikh Tamim bin Hamad al-Thani in Berlin on Friday.
Germany is hoping to cut back its reliance on Russian energy provides.
“The energy security issue plays an important role for us. Germany will develop its infrastructure to be in a position to import liquefied gas by ship,” Scholz instructed journalists at a joint information convention with al-Thani in Berlin.
“It’s a big step and Qatar plays an important role in our strategy,” Scholz added.
Germany, Europe’s largest financial system, consumes round 100 billion cubic meters of pure gasoline yearly, with 55% of that coming from Russia through the Nord Stream 1 pipeline and different smaller volumes from Netherland and Norway.
Al-Thani confirmed that Qatar plans to begin supplying liquefied pure gasoline (LNG) to Germany in 2024.
LNG provide partnership
Russian oil accounted for 35% of Germany’s provide earlier than Russia invaded Ukraine in February. In April, the federal government stated that proportion had been lower to 12%.
German Economic Minister Robert Habeck visited Qatar in March this yr to announce an energy partnership between each international locations.
Chancellor Scholz stated Germany would construct two new LNG terminals to expedite the import of Liquefied Natural Gas (LNG) from different international locations. They are anticipated to be accomplished by 2026.
Germany, for now, has rented 4 floating storage and regasification items.
Negotiations over LNG provides proceed
Berlin has, nevertheless, been reluctant to decide to Qatar’s situation of at the very least a 20-year-long partnership if it wished to safe the huge LNG volumes it wants, in response to Reuters reporting citing three individuals acquainted with the matter.
Germany, which goals to chop its carbon emissions by 88% by 2040, additionally has plans to change to a inexperienced hydrogen financial system in the long term.
Qatar, the world’s largest LNG provider, has specified phrases like a vacation spot clause that will stop Berlin from rerouting the gasoline to different EU international locations, in response to Reuters.
The European Union opposes the measure too.
rm/kb (Reuters, AP, AFP)
Germany signs energy partnership with Qatar | News | DW & More Latest News Update
Germany signs energy partnership with Qatar | News | DW & More Live News
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