In order to lower its dependence on Russian oil and gas, Germany is looking toward Qatar to fulfill its energy needs.
The federal chancellery’s state secretary tweeted: “We discussed bilateral cooperation particularly in energy and corporate investments,” Joerg Kukies, adding he talked to Deputy Prime Minister Sheikh Mohammed bin Abdulrahman Al-Thani, who also heads the Qatar Investment Authority sovereign wealth fund, on Wednesday.
Germany is to close its last nuclear power plants this year and plans to build its first liquefied natural gas terminal within two years.
Qatar is one of the countries that recently have been approached by the US to reroute gas supplies to Europe. The country has said it could divert probably 10-15 percent of its LNG shipping volumes. It plans to raise LNG production capacity to 126 million tons a year by 2027 from 77 million tons at present.
The European Commission is working on plans to phase out the EU’s dependency on Russian gas, oil and coal in five years following Russia’s invasion of Ukraine, its head Ursula von der Leyen said on Friday.
German Economy Minister Robert Habeck told the Frankfurter Allgemeine Sonntagszeitung he planned to make Germany independent of Russian coal and oil in less than a year.
“Every day, in fact every hour, we say goodbye to Russian imports to a certain extent,” Habeck told the weekly. “If it works, we will be independent of Russian coal in the autumn and almost independent of oil from Russia by the end of the year.”
He said gas was more complicated as Germany does not yet have capacity to import LNG and reiterated an immediate embargo on supplies could cause bottlenecks next winter, an economic slump and high inflation.