German utilities RWE and Uniper are reportedly close to striking long-term deals to buy liquefied natural gas (LNG) from Qatar’s North Field Expansion project to help replace Russian gas. Talks between Germany and Qatar have been fraught with differences over key conditions such as the length of contracts and pricing. Europe’s biggest economy aims to replace all Russian energy imports by as soon as mid-2024. While supply deals with Qatar would be positive for Germany, they would not offer an imminent solution to Berlin’s energy crisis as the vast North Field Expansion project is not expected to come online before 2026.
- German utilities close to long-term LNG deals with Qatar