with much fanfare The visit to Qatar was announced by Federal Chancellor Scholz and Economics Minister Hebek – but the result is pathetic in terms of gas distribution!
Gas: Scholz and Habek in Qatar – Bad result
Qatar apparently has a clear view of prices and is particularly interested in longer-term contracts – hence Scholz and Habeck’s hopes that Qatar can deliver quickly and at scale, perhaps misleading from the start. was. According to the CEO of energy group Total, Germany and others looking to buy gas from Qatar cannot expect deliveries to work without flexible, cheap and long-term contracts. recently warned, Qatar is separate from Germany big winner Of Gas Crisis – The Desert State Can Just Choose Buyers And Prices!
Chancellor Olaf Scholz secured just one shipment of LPG from the UAE, a non-binding agreement for more shipments, as Europe’s biggest economy struggles to replace Russian supplies, Bloomberg reports.
The load – 137,000 cubic meters – will be delivered by Abu Dhabi National Oil Company to German energy supplier RWE AG in early 2023. ADNOC also signed a letter of intent for onward delivery the following year. A subsequent visit to Qatar did not immediately lead to further deals.
It is important for Germany to secure additional supplies after the Kremlin shut down a major pipeline. Officials are worried about power cuts and rationing this winter and the economy is heading towards recession. The agreement announced on Sunday shows how difficult it will be for the country to get more gas in the near future.
“We have to ensure that the alliance moves sufficiently to meet the high demand for liquefied natural gas in the world,” said Scholz in Abu Dhabi.
Germany currently does not want long-term contracts on expensive terms
The remarks came a day after Scholz’s visit to Saudi Arabia, where he met with the OPEC kingdom’s crown prince, to discuss future cooperation and hydrogen imports. These issues are more important to long-term safety, as the winter season gets underway.
After the United Arab Emirates, Scholz traveled to Qatar, where he wanted to discuss long-term plans for gas and hydrogen supplies with the country’s emir. Germany and Qatar have been negotiating LNG supplies for several months, with Germany reluctant to sign long-term deals at record LNG prices.
Scholz issued a statement after the meeting with Qatar in which he made no mention of gas supply agreements. Qatar’s Energy Minister said on Saturday that talks are underway with RWE and Uniper SE on long-term LNG contracts.
The agreement with ADNOC provides for the delivery of LNG to the floating RWE terminal at Brunsbüttel near Hamburg by the end of December. Germany is currently building floating LNG import terminals, some of which are due for completion this winter.
ADNOC agreed with fuel distributor Wilhelm Hoyer GmbH & Co. KG to supply 250,000 tonnes of diesel per month in 2023, the United Arab Emirates state news agency WAM reports. The energy company delivered diesel directly to Germany for the first time in September.
Separately, Abu Dhabi-based Masdar will pursue wind power opportunities in Northern Europe and the German Baltic Sea region to increase renewable energy generation to 10 gigawatts by 2030, according to WAM.
FMW/Bloomberg
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