Qatari Emir Tamim bin Hamad al Thani will go to Berlin and meet with German Chancellor Olaf Scholz right this moment. Discussions are
Qatari Emir Tamim bin Hamad al Thani will go to Berlin to discuss an agreement to provide Qatari liquified pure gasoline (LNG) to Germany.- Photo: REUTERS/Issei Kato
Qatari Emir Tamim bin Hamad al Thani will go to Berlin and meet with German Chancellor Olaf Scholz right this moment.
Discussions are anticipated to revolve round an agreement to provide Qatari liquified pure gasoline (LNG) to Germany. The provide of LNG is essential to German makes an attempt to scale back its dependence on gasoline imports from Russia. Scholz lately visited the Netherlands with goals to safe an analogous agreement.
Negotiations to attain a proper agreement have lately encountered difficulties due to disagreements on its length, worth indexation and the rerouting of Qatari gasoline from Germany to different international locations. Of these disagreements, probably the most decisive is worth indexation—Qatar calls for that the pricing construction be tied to oil costs which presently would lead to Germany paying excessive premiums.
Expect negotiations to be drawn out as each side try to deal with factors of disagreement. Ultimately, an agreement largely on Qatari phrases is probably going due to Germany’s willingness to settle for excessive LNG costs as a tradeoff for eliminating dependence on Russian gasoline. Expect Qatar to profit from rising world demand for its pure gasoline as western international locations search non-Russian suppliers—which concurrently will improve its geopolitical affect regarding world vitality safety.
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Qatar and Germany to discuss LNG agreement & More Latest News Update
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