QatarEnergy seals a deal with two long-term agreements with ConocoPhillips for the delivery of up to 2 million tons per year of LNG from Qatar to Germany.
The wholly owned subsidiary of ConocoPhillips, will purchase the agreed quantities to be delivered ex-ship to the “German LNG” receiving terminal, which is currently under development in Brunsbüttel in northern Germany, with deliveries expected to start in 2026.
The LNG volumes, will be sourced from the two joint ventures, between QatarEnergy and ConocoPhillips, that hold interests in Qatar’s North Field East, and North Field South projects.
Speaking at the signing ceremony, the Qatari Minister of State for Energy Affairs, President and CEO of QatarEnergy, Saad Sherida Al-Kaabi, said that ”these agreements mark the first ever long-term LNG supply to Germany, with a supply period that extends for at least 15 years, thus contributing to Germany’s long-term energy security”.
“They also represent the culmination of efforts”, as he said, “between two trusted partners, QatarEnergy and ConocoPhillips, over many years, to provide reliable, and credible LNG supply solutions to customers across the globe, and today, to German end-consumers”.
ConocoPhillips’ partnership in the North Field LNG Expansion Projects, is made up of a 3.125% share in the NFE project, and a 6.25% share in the NFS project, which are planned to commence production in 2026 and 2027.
Source: QatarEnergy
