Qatar, Germany sign LNG, hydrogen pact
Qatar and Germany on May 20 signed a joint declaration of intent to further promote the cooperation between the two countries in LNG and hydrogen.
“The agreement builds on the ongoing successful dialogue between the two countries and is expected to develop into a mutually beneficial energy partnership between Qatar and Germany through building LNG trade relations as well as pursuing the climate action ambitions of both countries,” Qatari state energy company QatarEnergy said in a statement.
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QatarEnergy said that such a partnership will further strengthen Germany’s energy supply diversification through LNG imports from Qatar, while also facilitating bilateral cooperation in hydrogen and renewable sources. Germany, which has committed to ending Russian gas imports by 2024, has plans for as many as four LNG terminals with a combined regasification capacity of 22.2bn m3/year.
“Both countries will also further benefit from an intensified knowledge exchange on topics related to the energy transition, ranging from the expansion of renewable energies, its regulation and system integration, to energy efficiency and demand-side management,” the company added.
Reuters had earlier this month reported that LNG supply negotiations between Germany and Qatar hit difficulties over key conditions in contracts. Germany was reluctant to enter into contracts of at least 20 years for LNG supply, because of its decarbonisation commitments, which include fulfilling all its electricity needs with renewable sources by 2035.