Qatar’s state-owned energy giant QatarEnergy announced the signing of two long-term LNG sale and purchase agreements with ConocoPhillips affiliates for the delivery of up to 2 million tons per annum (MTPA) of LNG from Qatar to Germany.
Following the agreements, a ConocoPhillips wholly owned subsidiary will purchase the agreed quantities to be delivered ex-ship to the German LNG receiving terminal, which is currently under development in northern Germany, with deliveries expected to start in 2026.
The LNG volumes will be sourced from the two joint ventures between QatarEnergy and ConocoPhillips that hold interests in Qatar’s North Field East (NFE) and North Field South (NFS) projects.
President and CEO of QatarEenrgy HE Saad Sherida Al-Kaabi, said Germany has significant demand in the industrial, power, and household sectors, and Qatar is “committed to contribute to the energy security of Germany and Europe at large.”
“Our dialogue with our European partners continues with the aim of achieving greater energy security, long-term market stability, and a smoother energy transition for the benefit of all,” he added.
ConocoPhillips’ partnership in the North Field LNG Expansion Projects is made up of a 3.125% share in the NFE project and a 6.25% share in the NFS project, which are planned to commence production in 2026 and 2027, respectively.
