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DOHA (Qatar), Nov. 29 (AP) — Qatar will supply Germany with liquefied natural gas under a 15-year deal signed Tuesday, as European economic powerhouses scramble to replace Russian gas supplies cut amid an ongoing war in Ukraine.
Officials did not give a dollar value for the deal, which will begin in 2026. Under the agreement, Qatar will send up to 2 million tons of gas to Germany via a terminal under construction in Brunsbuettel.
The deal involved Qatari state-owned Qatar Energy and ConocoPhillips, which owns a stake in an offshore Persian Gulf gas field that Qatar shares with Iran.
Moscow cut gas supplies for domestic heating, power generation and the power industry as European countries backed Ukraine following Russia’s February invasion. This has created an energy crisis that fuels inflation and strains companies as prices rise.
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Germany, which received more than half of its gas from Russia before the war, has not received any gas from Russia since the end of August.
The country is building five LNG terminals as a key part of its plan to replace Russian supplies, with the first expected to be commissioned soon. Most of Germany’s current gas supplies come from or pass through Norway, the Netherlands and Belgium.
Germany’s measures to prevent a short-term energy crunch also include temporarily restarting old oil and coal-fired power stations and extending the life of the country’s last three nuclear plants, which were supposed to close at the end of the year until mid-April.
Prime Minister Olaf Schulz, who visited Qatar in September, welcomed the deal, saying long-term contracts were important for Germany’s energy security.
“Overall, we’re going to make sure we have a lot of different countries securing our energy supply,” Scholz said. “So, I believe it’s another big part of the house that we’ve built.” (AP)
(This is an unedited and auto-generated story from a Syndicated News feed, the content body may not have been modified or edited by LatestLY staff)
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