Berlin, 12 March 2022 (TDI): The Federal Chancellery’s State Secretary of Germany namely Jorg Kukies said that he had negotiated the cooperation for energy supplies with the government of Qatar this week.
German government is contemplative and working to mitigate its dependence on Russian oil and gas. He told that during the meeting with the Deputy Prime Minister of Qatar, Shiekh Mohammed bi Abdulrahman al-Thani, they discussed the bilateral cooperation particularly in energy and corporate investments.
It is pertinent to mention that Deputy Prime Minister Sheikh Mohammed bin Abdulrahman al-Thani also heads the Qatar Investment Authority sovereign wealth fund.
I met with HE Deputy Prime Minister and Minister of Foreign Affairs of Katar 🇶🇦 Sheikh Mohammed bin Abdulrahman Al-Thani @MBA_AlThani_ . We discussed bilateral cooperation particularly in energy and corporate investments. pic.twitter.com/FU5HEB8e3E
— Jörg Kukies (@joergkukies) March 12, 2022
Germany wants to shut its last nuclear power plants this year and install its first Liquefied Natural Gas (LNG) terminal within two years. Qatar is one of the states to whom the United States has recently approached to reroute the gas supplies to Europe.
But Qatar has informed that it could divert probably 10-15% of its LNG shipping volumes. Further, Qatar plans to raise LNG production capacity to 126 million tons a year by 2027 from 77 million tons at present.
Head of the European Union Ursula von der Leyen announced that after Russia invaded Ukraine, European Union is working to wipe out the dependency of the European Union over Russian gas, oil, and coal.
German Economic Minister, Robert Habeck revealed that they plan to make Germany independent of Russian coal and oil in less than a year. To some extent, they bid farewell to Russian imports every day and every hour.
If it occurs successfully, they will be self-sufficient and won’t be needing Russian coal by the autumn and practically self-sufficient of Russian oil by the end of the year.
He said gas was the more cumbersome issue since Germany cannot currently import LNG. The immediate restrictions on supplies may lead to supply bottlenecks, an economic recession, and high inflation up to next winters.
