Qatar says talks with Germany on LNG contracts ongoing
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Qatar says talks with Germany on LNG contracts ongoing

Qatar says talks with Germany on LNG contracts ongoing

Qatar is one of the world’s biggest exporters of liquefied natural gas

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Qatar and Germany are continuing to discuss supplies of natural gas, as Europe tries to reduce its dependency on Russia for the fuel.

“There are negotiations taking place between Qatar Energy and commercial entities in Germany,” Qatari Foreign Minister Mohammed Bin Abdulrahaman said in an interview with Bloomberg Television in New York. It’s not clear yet when state-controlled Qatar Energy and German companies will sign contracts, he said.

Qatar is one of the world’s biggest exporters of liquefied natural gas. Demand and prices have soared since the Russia-Ukraine crisis in February.

German Chancellor Olaf Scholz is scheduled to travel to Qatar, Saudi Arabia and the UAE this weekend. He will talk to leaders in the countries about shipments of gas and hydrogen.

Qatar and international energy companies including Shell and Exxon Mobil Corp. are investing billions of dollars to increase the Gulf state’s LNG capacity by almost 65 per cent. But the projects aren’t set to be completed until 2027.

German utilities RWE and Uniper are making progress on negotiations with Qatar, Reuters reported this week. Bloomberg has previously reported that the talks were complicated by Qatar wanting to sign longer-term agreements than Germany, which wants to wean itself off gas and other fossils eventually as part of the energy transition.

On Iran’s nuclear deal negotiations with world powers, Abdulrahaman said recent statements had not yielded much optimism.

“In the last couple of weeks we are hearing some statements which are not so optimistic about reaching a deal,” he said.

But Qatar had engaged with all parties in the negotiations in recent days and “we have heard positive intentions from them,” he said. “I believe that when the parties get together and they can find a common ground for these areas of disagreement, they can reach a deal.”

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