(MENAFN- The Peninsula) Reuters
Doha: QatarEnergy and ConocoPhillips on Tuesday signed two sales and purchase agreements to export liquefied natural gas (LNG) to Germany for at least 15 years from 2026, the first such supply deal to Europe from Qatar's North Field expansion project.
The deal will provide Germany with 2 million tonnes of LNG annually, arriving from Ras Laffan in Qatar to Germany's northern LNG terminal of Brunsbuettel, said H E Saad Sherida Al Kaabi, the Minister of State for Energy Affairs, the President and CEO of QatarEnergy.
'(The agreements) mark the first ever long-term LNG supply agreement to Germany, with a supply period that extends for at least 15 years, thus contributing to Germany's long-term energy security,' the minister said in a joint news conference with ConocoPhillips CEO Ryan Lance.
A ConocoPhillips wholly-owned subsidiary will purchase the agreed quantities to be delivered ex-ship to the German receiving terminal, which is currently under development.
The deal comes a few days after QatarEnergy signed a 27-year sales and purchase agreement with China's Sinopec.
QatarEnergy earlier this year signed five deals for North Field East (NFE), the first and larger of the two-phase North Field expansion plan, which includes six LNG trains that will ramp up Qatar's liquefaction capacity to 126 million tonnes per year by 2027 from 77 million.
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