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Germany Strikes Natural Gas Deal With Qatar


Germany said Sunday, that it had reached a Deal on an Energy Partnership with Qatar, as they seeks to Reduce its Dependence on Russia, amid the Invasion of Ukraine.

Robert Habeck, Germany's Federal Minister for Economic Affairs and Climate Action, met with Qatar's Emir Sheikh Tamim bin Hamad al-Thani on Sunday.

State-owned QatarEnergy said in a statement, that the Two Countries "would re-engage and progress discussions on long term LNG supplies,". While Qatar didn't say that an Agreement had been reached, and a German Spokesperson said that a Deal between the Nations had been Finalized. "The companies that have come to Qatar with (Habeck) will now enter into contract negotiations with the Qatari side," the German spokesperson said.

The Deal with Qatar comes as Germany has taken other steps to Reduce its dependence on Russian Energy in recent weeks. Last month, German Chancellor Olaf Scholz, announced the Nation would Stop the Certification of the Nord Stream 2 Pipeline, after Russian President Vladimir Putin said, Moscow would Recognize the Sovereignty of self-proclaimed "people's republics" of Donetsk and Luhansk in Ukraine, a step Putin took just before he Invaded Ukraine.

The Pipeline was estimated to be worth about $2.7 billion per year to the Russian Economy, and about $1.8 billion to the German Economy. After Scholz backed out of the Pipeline plans, Habeck, Germany's Federal Minister for Economic Affairs and Climate Action, began to Explore Options to Reduce the Country's Reliance on Russia.

"We need to admit that in the past we have been too reliant on Russian imports," Habeck said in late February. "In the medium and long term, we are going to significantly reduce the consumption of fossil fuels."

One part of Habeck's Plan includes passing a New Law that would ensure that Germany's Energy Sources would be 80% Renewable by 2030 and 100% by 2035.

In the weeks since the Invasion of Ukraine, Western Nations have Sanctioned Russia, which has contributed to an Increase in Energy Prices.










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Germany Strikes Natural Gas Deal With Qatar

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