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2018-09-10 12:40:00

GERMANY - QATAR LNG COOPERATION

GERMANY - QATAR LNG COOPERATION

PLATTS German Chancellor Angela Merkel said there is significant potential for energy cooperation with Qatar, after the Middle Eastern LNG giant's Emir Sheikh Tamim bin Hamad Al-Thani announced plans to invest Eur10 billion ($11.5 billion) in the German economy over the next five years.

In a speech Friday to the German-Qatari business forum in Berlin, Merkel said: "The energy sector, in my view, still has considerable potential for expanding our economic relations."

She highlighted LNG as a source of energy diversification to improve security of supply.

"The federal government is working to develop LNG infrastructure in Germany," Merkel said, noting plans for an import terminal.

"German companies, of course, decide on their gas purchases according to economic criteria, which allows LNG imports from Qatar to come into play," she said.

Merkel acknowledged Germany's gas grid was already connected to LNG infrastructure across Northwest Europe, which is currently under-utilized due to pipeline gas being significantly cheaper.

According to GIE and S&P Global Platts Analytics data, only around 28% of Europe's LNG terminal capacity was used in 2017.

On Thursday, the planned 5 Bcm/year LNG import terminal at Brunsbuttel near Hamburg received a major boost as Germany's biggest power generator RWE signed up for a "considerable" part of the terminal's import capacity.

RWE declined to comment on specifics, but confirmed that it was in talks with Qatar Petroleum about LNG supply to Germany.

Earlier this week, German daily Handelsblatt reported that Qatar was looking for a foothold in LNG in Germany.

"We are very seriously interested in a stake in a German LNG terminal and are talking with both companies -- Uniper and RWE," the head of Qatar Petroleum, Saad al-Kaabi, who also attended the Berlin forum, told Handelsblatt.

A German LNG import terminal would give Europe's largest economy an alternative gas supply to pipeline imports from Russia and Norway amid growing US pressure against the planned Nord Stream 2 pipeline project from Russia.

Developers for the Eur400 million German LNG terminal have also applied for subsidies from the federal government and expect to make an investment decision in late 2019 for a 2022 start, when Germany's last nuclear power plants are due to come offline.

Qatar, the world's biggest exporter of LNG, plans to expands its LNG production capacity but also wants to diversify its economy amid rising tensions with Saudi Arabia.

Qatar's investment trust QIA has been a long-term stakeholder in major German companies such as Volkswagen and Deutsche Bank.

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Earlier:

 RUSSIAN GAS FOR EUROPE UP
2018, August, 31, 11:25:00

RUSSIAN GAS FOR EUROPE UP

PLATTS - Russian gas supplies to Europe and Turkey rebounded in August, according to data released by gas giant Gazprom, after a dip the previous month during the planned outage of the main Nord Stream gas pipeline to Germany.

 

 AZERBAIJAN'S GAS FOR GERMANY
2018, August, 22, 12:45:00

AZERBAIJAN'S GAS FOR GERMANY

FT - The German official welcomed an agreement reached earlier this month between the Caspian littoral states — Russia, Iran, Kazakhstan, Azerbaijan and Turkmenistan — on a legal framework for sharing the Caspian, the world’s largest inland body of water.

 

 NORD STREAM-2: NO SANCTIONS
2018, July, 2, 11:55:00

NORD STREAM-2: NO SANCTIONS

REUTERS - Germany has been assured by the United States that any sanctions imposed on Russia will not affect the building of a gas pipeline to bring Russian gas to Europe, a spokeswoman for the German economy ministry said on Friday.

 

 ГАЗПРОМ ДЛЯ ГЕРМАНИИ: +13%
2018, June, 22, 13:15:00

GAZPROM FOR GERMANY: +13%

GAZPROM - The meeting highlighted that Germany continued to ramp up its imports of Russian gas. According to preliminary data, from January 1 through June 19, 2018, Gazprom supplied Germany with 28.2 billion cubic meters of gas, an increase of 13.1 per cent from the same period of 2017.

 РУССКИЙ ГАЗ В ГЕРМАНИЮ: 200 МЛРД.
2017, December, 1, 12:45:00

RUSSIAN GAS TO GERMANY: 200 BLN

GAZPROM - the Nord Stream gas pipeline transmitted its 200 billionth cubic meter of gas from Russia to Germany via the Greifswald delivery point.

 ГАЗПРОМ - ГЕРМАНИЯ: БОЛЬШЕ НА 37%
2017, February, 18, 19:00:00

GAZPROM - GERMANY: UP 37%

It was noted that Gazprom’s gas supplies to the German market had reached a record of 49.8 billion cubic meters in 2016. The upward trend in gas demand continues in early 2017. In January, gas exports grew by 23.2 per cent versus the corresponding month of 2016. Between February 1 and February 15, gas deliveries added 37 per cent compared to the same period of last year.

 РУССКИЙ ГАЗ ДЛЯ ГЕРМАНИИ: +23%
2016, November, 9, 18:30:00

RUSSIAN GAS FOR GERMANY: UP TO 23%

Gazprom’s supplies to the German market continued to grow, rising 23 per cent this September and 20.4 per cent this October versus the corresponding months of 2015.

 

 

Tags: GERMANY, QATAR, LNG