Germany has no alternative to Russian gas – MP — RT Business News

Berlin’s new LNG contract with Qatar will not be enough to replace imports from Moscow, says Klaus Ernst

Germany still has no way to fully replace Russian natural gas, even after striking a supply deal with Qatar, Bundestag Energy Committee Chairman Klaus Ernst warned on Tuesday.

A long-term energy deal was announced earlier today, under which the Gulf state will ship up to two million tonnes of liquefied natural gas (LNG) per year to Germany, starting in 2026. The agreement will last at least 15 years. .

“The Federal Government is celebrating its LNG deal with Qatar and showing big numbers. Indeed, these two million tonnes of LNG correspond to 3% of German gas consumption. There is still no real alternative to Russian gas! wrote the leftist party politician on Twitter.

According to Bloomberg, the Qatar deal is equivalent to about 6% of the volume of Russian gas imported by Germany in 2021. The fuel will come from ConocoPhillips’ joint ventures in Qatar and will be delivered to the Brunsbuttel floating import terminal, which is under construction.

The news agency said the five import facilities chartered by the German government will cost a total of 6.5 billion euros ($6.7 billion) over the next 10 to 15 years. There is also a private charter terminal planned. Once operational, they will be able to cover around a third of Germany’s current gas demand, according to a government estimate, cited by Bloomberg.

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Germany, Europe’s largest economy, relies primarily on natural gas to power its industry and has pledged to replace all Russian energy imports by mid-2024.

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