Qatar to support liquid gas terminal in Germany

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Qatar to support liquid gas terminal in Germany

Wed, 09/12/2018 - 13:13
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Qatar to support liquid gas terminal in Germany (Wojciech Wrzesien / Shutterstock)
Qatar to support liquid gas terminal in Germany (Wojciech Wrzesien / Shutterstock)

German Chancellor Angela Merkel highlighted the important role of Qatar in the global LNG industry. Germany is therefore looking to Qatar to develop its LNG industry. This was announced in a speech by the Chancellor at the opening of the Qatar-Germany Business and Investment Forum held on Friday in Berlin. She further stressed that liquefied petroleum gas could "contribute to the diversification of gas supply sources" and thus also serve the security of supply. Germany is already considering the construction of an import terminal for liquefied gas.

The Emirate of Qatar is willing to support the construction of such a liquefied natural gas (LNG) terminal in Germany. "A separate LNG terminal will give Germany new scope", Qatar's Energy Minister Mohammed Bin Saleh Al-Sada said. He regards this as a "strategic investment". If it makes economic sense, "we are definitely ready to help," the minister said.

Previously, the head of Qatar's LNG producer Qatar Petroleum (QP), Saad Al Kaabi, had already expressed interest in participating in a German LNG terminal. Qatar is the world's largest exporter of liquefied natural gas.

According to the Qatari Minister of Energy, the Nord Stream 2 Baltic Sea pipeline, which is already under construction and will bring natural gas from Russia to Germany, will not affect Qatar's goal of supplying Germany: "I see the pipeline as part of the German strategy to secure access to as many gas sources as possible," he told the newspaper. "We are offering Germany another source. I don't see any contradictions here.

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