Russian gas cannot be substituted in Germany
Date
11/30/2022 3:15:54 AM
(MENAFN) Klaus Ernst, the head of the energy committee in the Bundestag, cautioned on Tuesday that despite signing a supply agreement with Qatar, Germany still has no possibility of entirely replacing Russian natural gas.
In accordance with a long-term energy arrangement, the Gulf state will begin shipping up to two million tons of liquefied natural gas (LNG) annually to Germany beginning of 2026. Apparently, the agreement is going to exist for at least 15 years.
On Twitter, the Left-leaning politician wrote, “the federal government celebrates its LNG deal with Qatar and boasts big numbers. The fact is, these two million tons of LNG correspond to three percent of German gas consumption. There are still no real alternatives to Russian gas!”
Bloomberg estimates that the agreement with Qatar is equivalent to about 6 percent of the amount of Russian gas that Germany is going to import last year. The fuel is going to be shipped to the Brunsbuttel floating import terminal, which is currently under construction, from ConocoPhillips' joint ventures in Qatar.
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