NewsWorld

Germany Strikes Gas Deals With the UAE to Close the Russian Gap

Germany Strikes | In the next days, Germany may obtain supplies of liquefied natural gas from the United Arab Emirates as part of its effort to counteract Russia’s plans to reduce supply.

Germany Strikes

According to Economy Minister Robert Habeck on Monday, Chancellor Olaf Scholz is likely to sign delivery contracts during a two-day trip to the Middle East, signalling that negotiations are particularly advanced with the UAE.

The government is continually in contact with several nations, including those on the Arabian Peninsula, and the gas supply is gradually expanding, according to Habeck.

The chancellor will undoubtedly be able to sign some LNG contracts while he is in the UAE the following week.

In Lubmin, on the Baltic coast of Germany, he said: “But it’s not only the UAE, it’s other countries, African countries.” “In that way, we’ll plug the gap that the shortage of Russian gas has exposed,” the speaker said.

Scholz’s journey, which begins on Saturday, will also take him to Saudi Arabia and Qatar. Government spokesperson Steffen Hebestreit stated at a routine press briefing in Berlin on Monday that energy cooperation is high on his agenda.

As the government attempts to balance Russian supply after the Kremlin shut down a crucial pipeline, an agreement with the UAE might be a help to Schulz. This winter, officials have been more worried about blackouts and rationing.

Since Russia invaded Ukraine in February, Germany and Qatar have been discussing potential LNG imports. So far, there hasn’t been any indication that the discussions would end well.

According to German government sources, negotiations with one of the largest LNG exporters in the world have been particularly challenging. They have described Qatar’s tactic as exerting pressure on possible deals’ terms, including their cost and length.

The difficulty Schulz and his administration will have in securing short-term supplies to assist Europe’s largest economy avoid shortages this winter is highlighted by the fact that discussions with gas suppliers in both Europe and North America have proven to be equally difficult.

Related Articles

Back to top button