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Asharq Al-Awsat

Business

Asharq Al-Awsat

QatarEnergy, ConocoPhillips Sign LNG Supply Deal for Germany

ConocoPhillips QatarEnergy Germany Qatar Saad alKaabi Europe Natural Gas

QatarEnergy CEO and Qatar's Minister of Energy Saad al-Kaabi attends a signing ceremony with Sinopec, in Doha, Qatar, November 21, 2022. (Reuters)

QatarEnergy and ConocoPhillips on Tuesday signed an agreement to export liquefied natural gas (LNG) to Germany for at least 15 years starting 2026, QatarEnergy's CEO said.

The deal will provide Germany with 2 million tons of LNG annually, arriving from Ras Laffan in Qatar to Germany's northern LNG terminal of Brunsbuettel.

"Germany represents the largest gas market in Europe ... and we are committed to support its energy security," Saad al-Kaabi said in a joint news conference with ConocoPhillips.

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