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    Qatar committed to contribute to Europe's energy security; LNG supply talks on with German buyers for additional LNG supplies: Al-Kaabi


    November 29, 2022 - Gulf Times

     

      Qatar is continuing to talk to German buyers about additional LNG supplies; HE the Minister of State for Energy Affairs Saad Sherida al-Kaabi said and noted "many European and Asian countries now want natural gas that we do not have enough negotiators to cope." Germany is set to receive new flows of Qatari liquefied natural gas (LNG) from 2026 after QatarEnergy and ConocoPhillips Tuesday signed two sales and purchase agreements for its export covering at least a 15-year period. A ConocoPhillips subsidiary will purchase the agreed quantities to be delivered to the German receiving terminal at Brunsbuttel in the northern part of the country, which is currently under development. "We are discussing other possible deals for Germany and with many Asian and European countries. We are negotiating with German companies to further increase the volumes being sent," al-Kaabi said in reply to a question by Gulf Times Tuesday. "We are committed to contribute to the energy security of Germany and Europe at large," al-Kaabi said. Lance hailed the accord as "a vital contribution to world energy security". "QatarEnergy and ConocoPhillips are excited for the opportunity to responsibly and securely supply world markets with LNG from the Qatari expansion projects." "These agreements will provide an attractive LNG offtake solution for our new joint ventures with QatarEnergy and position the joint ventures as reliable sources of LNG supply into Europe," Lance added. According to a Bloomberg dispatch, the five (LNG) import facilities chartered by the German government will cost a total of E6.5bn over the next 10 to 15 years. There is also one privately chartered terminal planned. Once operational, they will be able to cover around one third of Germany's current gas demand, according to a government estimate. Last week, QatarEnergy entered into a 27-year sale and purchase Agreement (SPA) with China Petroleum & Chemical Corporation (Sinopec) for the supply of 4mn tons per year (MTPY) of LNG to China. Under the terms of the SPA, the contracted LNG volumes will be supplied from QatarEnergy's North Field East (NFE) LNG expansion project and will be delivered to Sinopec's receiving terminals in China. QatarEnergy earlier this year signed five deals for North Field East (NFE), the first and larger of the two-phase North Field expansion plan, which includes six LNG trains that will ramp up Qatar's liquefaction capacity to 126mn tonnes per year by 2027 from the current 77mn in two phases.

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