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Reuters: Germany and Qatar cannot reach agreement on terms of LNG supply contracts

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Germany and Qatar are struggling to negotiate long-term contracts for the supply of liquefied natural gas (LNG) due to disagreements over key terms, including the duration of contracts. This was reported on Monday by Reuters, citing sources. According to them, Germany does not want to agree with the conditions of Qatar to sign contracts for a period of at least 20 years. These contracts should ensure the supply of huge volumes of LNG needed by Germany to reduce dependence on Russian natural gas.

In addition, Qatar, the world’s largest LNG supplier, specifies a number of conditions such as a destination clause that will prevent Berlin from diverting gas to other parts of Europe. The EU opposes such a condition.

According to Reuters, the German government is working to balance any deal with its goals of reducing carbon emissions by 88% by 2040, which complicates negotiations with Qatar Energy.

The issue of duration [termenului] The LNG contract, which could jeopardize Germany’s decarbonisation targets, is part of ongoing negotiations with Qatar, “said one source, adding that Germany is also competing with other countries for Qatar’s LNG supply. . At the same time, another source stressed that the supply of LNG from Qatar “is not expected in the near future”.

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The Qatari government’s press service, according to Reuters, declined to comment on the ongoing negotiations. The German Minister for Economic Affairs and Climate Protection, Robert Habeck, did not comment on the information.

Agreement between Germany and Qatar
In March, Habek paid a visit to Qatar, in which he agreed on co-operation in the energy sector, which provides for the possibility of supplying liquefied natural gas to Germany in the future. The minister said in Doha that an agreement had been reached on a “long-term energy partnership” in talks with the Emir of Qatar. According to him, it is now up to the companies to conclude specific agreements on LNG supply. An energy partnership, as Habek pointed out, means that “at best, Germany receives contractual guarantees that something can be delivered with the expansion of European and especially German infrastructure.” The expansion of the infrastructure involves, in particular, the creation of LNG terminals that were previously lacking in Germany.

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German gas companies are expected to return to Qatar this month to resume negotiations. In addition, according to the agency’s sources, the Emir of Qatar, Sheikh Tamim bin Hamad Al Thani, plans to visit Germany in the second half of May to sign a partnership agreement between the two countries, but this does not mean that long-term LNG is they will sign contracts. At the same time, it is stated that the sovereign wealth fund of Qatar has invested about 20 billion dollars in Germany.

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