Qatar's Energy Minister Saad Sherida al-Kaabi said up to two million tons of gas a year would be sent for at least 15 years from 2026, and that state-run QatarEnergy was discussing other possible deals for Europe's biggest economy.
Russia's invasion of Ukraine in February increased pressure on the German government to find new sources. And the latest deal will not help the country get through the looming winter. Qatari officials would not discuss prices but industry analysts have said Germany will have to pay a premium for the shorter contract and the hurried start to deliveries.Kaabi again stressed the"sizeable investments" that his country has made in extracting gas for deliveries around the world.
Through expansion in North Field, Qatar is aiming to increase its production by 60 percent by 2027. With increases in international prices, the value of its exports has almost doubled in the past year, state media said recently. "We do not have enough teams to work with everybody, to cater for the needs" of all countries making demands.
The West will Buy these Resources instead of giving out Baseless Loans that only favours them. Interesting developments how things will change 🙂