German Utility Giants Look To Close Huge LNG Deal With Qatar

OilPrice.com | Sep 21, 2022 at 12:30 PM
  • About a decade ago, Europe had a good idea: pass a pipeline from natgas-producing giant Qatar through Syria, Turkey and into Europe, reducing or completely eliminating Europe’s reliance on Russian gas.
  • RWE signed a deal with Qatar in 2016 for up to 1.1 million tonnes of LNG a year, but that expires next year.
  • Qatar has partnered with international companies in the first and largest phase of the nearly $30 billion expansion that will reinforce its position as the world’s top LNG exporter.