QatarEnergy has signed two long-term LNG sale and purchase agreements (SPAs) together with ConocoPhillips affiliates for the delivery of up to 2 Mtpa from Qatar to Germany.
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 Brunsbüttel 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.
The SPAs were signed by HE Saad Sherida Al-Kaabi, Minister of State for Energy Affairs, President and CEO of QatarEnergy, and Ryan Lance, Chairman and CEO of ConocoPhillips, in Doha. Al-Kaabi said the agreements mark the first ever long-term LNG supply to Germany with a supply period that extends for at least 15 years, contributing to Germany’s long-term energy security, and represent the culmination of efforts to provide reliable and credible LNG supply solutions to customers across the globe.
He said, “Germany is the largest gas market in Europe, with significant demand in the industrial, power, and household sectors, and we are committed to contribute to the energy security of Germany and Europe at large. The agreements … are a further manifestation of this commitment, which is reinforced through the sizeable investments we have made and continue to make along the entire gas value chain encompassing production capacity increases in Qatar and the Golden Pass LNG export project in the United States.”
The investments also include the execution of ‘the largest LNG ship building programme in the history of the energy sector’, as well as securing long-term commitments in LNG receiving infrastructure in several European countries.
Lance said, “These agreements will provide an attractive LNG offtake solution for our new joint ventures with QatarEnergy and position the joint ventures as reliable sources of LNG supply into Europe.”
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.
