with big bang The trip to Qatar was announced by Federal Chancellor Schulze and Economy Minister Habek – but the result in terms of gas delivery is somewhat pathetic!
Gas: Schulze and Habek in Qatar – bad result
Qatar clearly has clear ideas about pricing and is particularly interested in long-term contracts – so Schulz and Habeck’s hopes that Qatar could implement quickly and on a large scale may have been delusional from the start. According to the CEO of Total Energy, Germany and others who want to buy gas from Qatar cannot expect deliveries to take place flexibly, at low cost and without long-term contracts. recently warned. Qatar is different from Germany big winner Gas crisis – the desert country can simply choose buyers and prices!
Chancellor Olaf Schultz has secured just one shipment of LPG from the United Arab Emirates, with a non-binding agreement struck for more shipments as Europe’s largest economy struggles to replace Russian supplies, Bloomberg reports.
The payload – 137,000 cubic metres – will be delivered by Abu Dhabi National Oil Company to German energy supplier RWE AG by early 2023. ADNOC has also signed a letter of intent for further deliveries next year. A subsequent trip to Qatar did not immediately lead to more deals.
Securing additional supplies is critical for Germany after the Kremlin shut down a major pipeline. Officials are increasingly concerned about blackouts and rationing this winter, and the economy is on track for recession. The deal, announced on Sunday, shows how difficult it will be for the country to get more gas in the near future.
“We have to make sure that the world’s LNG alliance is progressing enough to meet the high demand,” Schulz said in Abu Dhabi.
Germany does not want long-term contracts on expensive terms at the moment
The comments came a day after Schultz visited Saudi Arabia, where the kingdom’s crown prince met OPEC for talks on future cooperation and hydrogen imports. These issues are more important to long-term security than the persistent shortage as winter approaches.
After the United Arab Emirates, Schulze traveled to Qatar, where he wanted to discuss long-term plans for gas and hydrogen supplies with the Emir of the country. Germany and Qatar have been negotiating LNG supplies for several months, with Germany reluctant to sign long-term deals at record LNG prices.
Schultz issued a statement after the meeting with Qatar that did not mention gas supply agreements. Qatar’s energy minister said on Saturday that talks are underway with RWE and Uniper SE over long-term LNG contracts.
The agreement with ADNOC provides for the delivery of LNG to the RWE floating terminal in Brunsbüttel, near Hamburg, at the end of December. Germany is currently building floating LNG import terminals, some of which are due to be completed this winter.
ADNOC has also agreed with the fuel distribution company Wilhelm Hoyer GmbH & Co. KG will supply up to 250 thousand tons of diesel per month in 2023, the official UAE news agency WAM reported. The energy company delivered diesel directly to Germany for the first time in September.
Separately, Abu Dhabi-based Masdar will seek more wind energy opportunities in northern Europe and Germany’s Baltic region to increase renewable energy production to 10 gigawatts by 2030, according to WAM.
FMW / Bloomberg
