Qatar on Tuesday announced its first major deal to send liquefied natural gas to Germany as Europe scrambles to find alternatives to Russian energy sources.

Qatar's Energy Minister Saad Sherida al-Kaabi said up to two million tons of gas a year would be sent for at least 15 years from 2026, and that state-run QatarEnergy was discussing other possible deals for Europe's biggest economy.

Kaabi, who is also QatarEnergy's chief executive, said so many European and Asian countries now want natural gas that he did not have enough negotiators to cope.

The talks for the latest deal took several months as Germany has resisted the long-term contracts that Qatar normally demands to justify its massive investment in the industry.

Russia's invasion of Ukraine in February increased pressure on the German government to find new sources. And the latest deal will not help the country get through the looming winter.

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The gas will be bought through US firm ConocoPhillips, a long-term partner with QatarEnergy, and sent to a new terminal that Germany is hurrying to finish at Brunsbuttel.

"We are committed to contribute to the energy security of Germany and Europe at large," Kaabi told a press conference after the signing ceremony with ConocoPhillips chief executive Ryan Lance.

Lance hailed the accord as "a vital contribution to world energy security".

Qatar last week announced a 27-year agreement to ship four million tons a year to China. It said this was the longest contract agreed in the industry.

Qatari officials would not discuss prices but industry analysts have said Germany will have to pay a premium for the shorter contract and the hurried start to deliveries.

Intense demand

Kaabi again stressed the "sizeable investments" that his country has made in extracting gas for deliveries around the world.

But he also said that Qatar was negotiating with German companies to further increase the "volumes" being sent.&nbsp;

The gas will come from the North Field East and North Field South projects that Qatar is developing with ConocoPhillips and other energy multinationals. North Field contains the world's biggest natural gas reserves and extends under the Gulf into Iranian territory.

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Through expansion in North Field, Qatar is aiming to increase its production by 60 per cent by 2027. With increases in international prices, the value of its exports has almost doubled in the past year, state media said recently. &nbsp;

Asian countries led by China, Japan and South Korea have been the main market for Qatar's gas, but it has been increasingly targeted by European countries since Russia's war on Ukraine threw supplies into doubt.

"There is very intense discussions with European buyers and with Asian buyers," Kaabi said, highlighting the "scarcity of gas coming in the next few years".

"We do not have enough teams to work with everybody, to cater for the needs" of all countries making demands.

Kaabi said the deal with China's Sinopec showed that "Asian buyers are feeling the pressure of wanting to secure long-term deals... I think we are in a good position."

The Brunsbuttel terminal supplies customers of German energy companies Uniper and RWE, and Economy and Energy Minister Robert Habeck said the two firms "have to buy on the world market.

"It is clear that the world market has different suppliers, and it is smart from the companies to buy the most favourable offers for the consumers on the world market, and that includes Qatar," he said.

Bill Farren-Price, head of macro oil and gas research at energy data analytics firm Enverus, said the deal underlines Qatar's "key role" in filling the Russian gas shortfall.

"With Qatar the subject of Western criticism over its staging of the World Cup, this deal, like the Sinopec one a few days ago, shows just how significant Qatari LNG will be in rebuilding European energy security," he told AFP.

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Qatar on Tuesday announced its first major deal to send liquefied natural gas to Germany as Europe scrambles to find alternatives to Russian energy sources. Qatar's Energy Minister Saad Sherida al-Kaabi said up to two million tons of gas a year would be sent for at least 15 years from 2026, and that state-run QatarEnergy was discussing other possible deals for Europe's biggest economy.

Qatar on Tuesday announced its first major deal to send liquefied natural gas to Germany as Europe scrambles to find alternatives to Russian energy sources. Qatar's Energy Minister Saad Sherida al-Kaabi said up to two million tons of gas a year would be sent for at least 15 years from 2026, and that state-run QatarEnergy was discussing other possible deals for Europe's biggest economy. Kaabi, who is also QatarEnergy's chief executive, said so many European and Asian countries now want natural gas that he did not have enough negotiators to cope. The talks for the latest deal took several months as Germany has resisted the long-term contracts that Qatar normally demands to justify its massive investment in the industry. Russia's invasion of Ukraine in February increased pressure on the German government to find new sources. And the latest deal will not help the country get through the looming winter. Also read | China willing to build closer partnership with Russia on energy issues, says Xi Jinping The gas will be bought through US firm ConocoPhillips, a long-term partner with QatarEnergy, and sent to a new terminal that Germany is hurrying to finish at Brunsbuttel. "We are committed to contribute to the energy security of Germany and Europe at large," Kaabi told a press conference after the signing ceremony with ConocoPhillips chief executive Ryan Lance. Lance hailed the accord as "a vital contribution to world energy security". Qatar last week announced a 27-year agreement to ship four million tons a year to China. It said this was the longest contract agreed in the industry. Qatari officials would not discuss prices but industry analysts have said Germany will have to pay a premium for the shorter contract and the hurried start to deliveries. Intense demand Kaabi again stressed the "sizeable investments" that his country has made in extracting gas for deliveries around the world. But he also said that Qatar was negotiating with German companies to further increase the "volumes" being sent. The gas will come from the North Field East and North Field South projects that Qatar is developing with ConocoPhillips and other energy multinationals. North Field contains the world's biggest natural gas reserves and extends under the Gulf into Iranian territory. Also read | Two Chinese Type 075 amphibious assault ships are combat ready, says PLA Navy Through expansion in North Field, Qatar is aiming to increase its production by 60 per cent by 2027. With increases in international prices, the value of its exports has almost doubled in the past year, state media said recently. Asian countries led by China, Japan and South Korea have been the main market for Qatar's gas, but it has been increasingly targeted by European countries since Russia's war on Ukraine threw supplies into doubt. "There is very intense discussions with European buyers and with Asian buyers," Kaabi said, highlighting the "scarcity of gas coming in the next few years". "We do not have enough teams to work with everybody, to cater for the needs" of all countries making demands. Kaabi said the deal with China's Sinopec showed that "Asian buyers are feeling the pressure of wanting to secure long-term deals... I think we are in a good position." The Brunsbuttel terminal supplies customers of German energy companies Uniper and RWE, and Economy and Energy Minister Robert Habeck said the two firms "have to buy on the world market. "It is clear that the world market has different suppliers, and it is smart from the companies to buy the most favourable offers for the consumers on the world market, and that includes Qatar," he said. Bill Farren-Price, head of macro oil and gas research at energy data analytics firm Enverus, said the deal underlines Qatar's "key role" in filling the Russian gas shortfall. "With Qatar the subject of Western criticism over its staging of the World Cup, this deal, like the Sinopec one a few days ago, shows just how significant Qatari LNG will be in rebuilding European energy security," he told AFP. WATCH WION LIVE HERE You can now write for wionews.com and be a part of the community. Share your stories and opinions with us here.

Qatar announces first major gas deal for Germany

The European Union signed a landmark deal with the United States to deliver liquified natural gas (LNG) to the region as it attempts to break its reliance on sanction-hit Russia.<o:p></o:p>

Under the agreement, the US will be supplying additional 15 billion cubic meters of LNG—which is equivalent to around 10 per cent of the gas imports from Russia—this year, with supplies increasing over the coming years.<o:p></o:p>

The deal was announced on Friday during a three-day visit by US President Joe Biden to Brussels.<o:p></o:p>

Last year, the EU imported around 22 billion cubic meters of LNG from US.<o:p></o:p>

Currently, Russia is responsible for about 40 per cent of the EU's gas needs.

The US will also work to supply 50 bcm of additional LNG until at least 2030, President Joe Biden announced at the press conference in Brussels.

<o:p>Also read | <a href="https://www.wionews.com/world/mariupol-theater-attack-may-have-claimed-300-lives-mostly-women-and-children-city-hall-465428">Mariupol theater attack may have claimed 300 lives, mostly women and children</a></o:p>

"Putin is using Russia's energy resources to coerce and manipulate its neighbours," Mr Biden told reporters in Brussels. "He's used the profits to drive his war machine."<o:p></o:p>

He said the long-term benefits of the deal would outweigh the short term pain that reducing Russian gas supplies would cause.<o:p></o:p>

"I know that eliminating Russian gas will have costs for Europe, but it's not only the right thing to do from a moral standpoint, it's going to put us on a much stronger strategic footing."

Also read |&nbsp;<a href="https://www.wionews.com/world/one-month-of-russia-ukraine-conflict-here-are-the-top-10-developments-465411">One month of Russia-Ukraine conflict: Here are the top 10 developments</a>

<o:p></o:p>

EU President von der Leyen, who was also present in the meeting, said: "We want, as Europeans, to diversify away from Russia towards suppliers that we trust that are friends and that are reliable."<o:p></o:p>

US gas supplies to the EU accounted for 6.3 per cent in the first half of 2021, the bloc's statistics agency says.

<o:p>Watch |&nbsp;Day 2 of EU Council Summit: US to provide natural gas to Europe</o:p>

<div class="videoWrapper trancodeVideo"><iframe allowfullscreen="" autoplay="1" class="includeVideo" frameborder="0" height="350" src="https://www.wionews.com/videos/day-2-of-eu-council-summit-us-to-provide-natural-gas-to-europe-465485/embed" style="width:100%;max-width:560px;" width="560"></iframe></div>

(With inputs from agencies)<o:p></o:p>

The European Union signed a landmark deal with the United States to deliver liquified natural gas (LNG) to the region as it attempts to break its reliance on sanction-hit Russia.

The European Union signed a landmark deal with the United States to deliver liquified natural gas (LNG) to the region as it attempts to break its reliance on sanction-hit Russia. Under the agreement, the US will be supplying additional 15 billion cubic meters of LNG—which is equivalent to around 10 per cent of the gas imports from Russia—this year, with supplies increasing over the coming years. The deal was announced on Friday during a three-day visit by US President Joe Biden to Brussels. Last year, the EU imported around 22 billion cubic meters of LNG from US. Currently, Russia is responsible for about 40 per cent of the EU's gas needs. The US will also work to supply 50 bcm of additional LNG until at least 2030, President Joe Biden announced at the press conference in Brussels. Also read | Mariupol theater attack may have claimed 300 lives, mostly women and children "Putin is using Russia's energy resources to coerce and manipulate its neighbours," Mr Biden told reporters in Brussels. "He's used the profits to drive his war machine." He said the long-term benefits of the deal would outweigh the short term pain that reducing Russian gas supplies would cause. "I know that eliminating Russian gas will have costs for Europe, but it's not only the right thing to do from a moral standpoint, it's going to put us on a much stronger strategic footing." Also read | One month of Russia-Ukraine conflict: Here are the top 10 developments EU President von der Leyen, who was also present in the meeting, said: "We want, as Europeans, to diversify away from Russia towards suppliers that we trust that are friends and that are reliable." US gas supplies to the EU accounted for 6.3 per cent in the first half of 2021, the bloc's statistics agency says. Watch | Day 2 of EU Council Summit: US to provide natural gas to Europe (With inputs from agencies)

EU, US sign mega LNG deal in an attempt to curb reliance on sanctions-hit Russia

Moscow and Kiev on Monday signed a five-year agreement on the transit of Russian gas to Europe via <a href="https://www.wionews.com/world/mike-pompeo-to-reaffirm-us-support-on-visit-to-ukraine-271155">Ukraine</a>, finalising months of difficult talks just ahead of a New Year deadline.

The current deal between the two ex-Soviet countries expires Tuesday and ties between them have been shredded since Moscow annexed Crimea in 2014 and supported a separatist insurgency in eastern Ukraine.

Presidents Vladimir Putin and Volodymyr Zelensky discussed <a href="https://www.wionews.com/world/ukraine-rivals-exchange-200-prisoners-in-controversial-swap-270877">the deal</a> by phone and congratulated each other ahead of New Year's celebrations, a sign that their relations could be on the mend.

The gas deal "creates a positive atmosphere for solving other bilateral problems," the Kremlin said in a statement.

About 18 per cent of the European Union's annual natural gas consumption comes from Russia via Ukraine, which put pressure on EU officials to help broker the deal.

"Ukraine has signed a five-year transit contract," Zelensky announced in a late-night post on his Facebook page, nearly two weeks after a provisional deal was reached.

A wide range of documents and contracts were involved, and together formed "a package deal which has re-established the balance of interests," Alexei Miller, the boss of Russian gas giant Gazprom, was cited as saying in a statement.

The documents were signed after five days of non-stop talks.

Gazprom is expected to ship at least 65 billion cubic meters (2.3 trillion cubic feet) of natural gas via Ukraine next year, and at least 40 billion per year from 2021 to 2024, said Zelensky, from which Kiev would earn "more than seven billion dollars".

Watch:&nbsp;Russia and Ukraine to implement a ceasefire

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'Great news' for Europe

<a href="https://www.wionews.com/world/russia-ukraine-outline-terms-for-five-year-gas-transit-deal-to-end-row-269490">The agreement</a> should prevent a repeat of so-called gas wars that previously disrupted supplies and in some years caused real energy problems in EU member states.

EU Commission vice president in charge of energy Maros Sevcovic called the deal "great news for Europe's energy security" on Twitter, while German Chancellor Angela Merkel thanked Russia and Ukraine.

"Continued gas transit via Ukraine... is a good and important signal for ensuring our European security of gas supply," she said.

Last year, Gazprom supplied Europe with 200.8 billion cubic metres of natural gas, about 40 per cent of which passed through Ukraine for roughly three billion dollars in transit fees.

Russian President Vladimir Putin said earlier this month that Moscow wanted to keep some gas flowing through Ukraine, despite having built several pipelines to Europe since the current deal was agreed a decade ago.

The new agreement comes days after Gazprom paid $2.9 billion to Ukraine's Naftogaz to settle a long-running dispute over transit fees that had blocked the deal.

Meanwhile, Russia is pursuing work on the Nord Stream 2 project that is to be completed by the end of next year and would double gas shipments to Germany.

The United States has long opposed the 9.5-billion-euro ($10.6-billion) project and the US Senate voted last week to levy sanctions on companies working on it.

Washington believes the pipeline will give Russia too much influence over security and economic issues in western Europe.

Transit problems for Russian gas began after the fall of the Soviet Union when independent Ukraine took control of the pipeline infrastructure.

Several crises followed, with Russia using gas supplies to put pressure on Ukraine by cutting them repeatedly in 1992, 1993 and 1994.

The last gas crisis disrupted supplies to Europe in 2010.

Moscow and Kiev on Monday signed a five-year agreement on the transit of Russian gas to Europe via Ukraine, finalising months of difficult talks just ahead of a New Year deadline.

Moscow and Kiev on Monday signed a five-year agreement on the transit of Russian gas to Europe via Ukraine, finalising months of difficult talks just ahead of a New Year deadline. The current deal between the two ex-Soviet countries expires Tuesday and ties between them have been shredded since Moscow annexed Crimea in 2014 and supported a separatist insurgency in eastern Ukraine. Presidents Vladimir Putin and Volodymyr Zelensky discussed the deal by phone and congratulated each other ahead of New Year's celebrations, a sign that their relations could be on the mend. The gas deal "creates a positive atmosphere for solving other bilateral problems," the Kremlin said in a statement. About 18 per cent of the European Union's annual natural gas consumption comes from Russia via Ukraine, which put pressure on EU officials to help broker the deal. "Ukraine has signed a five-year transit contract," Zelensky announced in a late-night post on his Facebook page, nearly two weeks after a provisional deal was reached. A wide range of documents and contracts were involved, and together formed "a package deal which has re-established the balance of interests," Alexei Miller, the boss of Russian gas giant Gazprom, was cited as saying in a statement. The documents were signed after five days of non-stop talks. Gazprom is expected to ship at least 65 billion cubic meters (2.3 trillion cubic feet) of natural gas via Ukraine next year, and at least 40 billion per year from 2021 to 2024, said Zelensky, from which Kiev would earn "more than seven billion dollars". Watch: Russia and Ukraine to implement a ceasefire 'Great news' for Europe The agreement should prevent a repeat of so-called gas wars that previously disrupted supplies and in some years caused real energy problems in EU member states. EU Commission vice president in charge of energy Maros Sevcovic called the deal "great news for Europe's energy security" on Twitter, while German Chancellor Angela Merkel thanked Russia and Ukraine. "Continued gas transit via Ukraine... is a good and important signal for ensuring our European security of gas supply," she said. Last year, Gazprom supplied Europe with 200.8 billion cubic metres of natural gas, about 40 per cent of which passed through Ukraine for roughly three billion dollars in transit fees. Russian President Vladimir Putin said earlier this month that Moscow wanted to keep some gas flowing through Ukraine, despite having built several pipelines to Europe since the current deal was agreed a decade ago. The new agreement comes days after Gazprom paid $2.9 billion to Ukraine's Naftogaz to settle a long-running dispute over transit fees that had blocked the deal. Meanwhile, Russia is pursuing work on the Nord Stream 2 project that is to be completed by the end of next year and would double gas shipments to Germany. The United States has long opposed the 9.5-billion-euro ($10.6-billion) project and the US Senate voted last week to levy sanctions on companies working on it. Washington believes the pipeline will give Russia too much influence over security and economic issues in western Europe. Transit problems for Russian gas began after the fall of the Soviet Union when independent Ukraine took control of the pipeline infrastructure. Several crises followed, with Russia using gas supplies to put pressure on Ukraine by cutting them repeatedly in 1992, 1993 and 1994. The last gas crisis disrupted supplies to Europe in 2010.

Ukraine-Russia finalise gas deal one day before deadline

<a href="https://www.wionews.com/.../egypt-mediated-truce-with-israel-in-force-in- gaza-islamic-jihad-261943">Egypt</a> said on Saturday it had signed several multimillion-dollar energy investment accords including a $430-million deal for Texas-based Noble Energy to pump natural gas through the East Mediterranean Gas Company's pipeline.

Under another agreement with Noble, which will also be financed by the US&nbsp;International Development Finance Corporation, the energy company will manufacture petroleum products in partnership with Egyptian company Dolphinus Holdings.

The cabinet detailed the plans at the end of an Africa investment forum held on the site of the country's planned new administrative capital in the desert east of Cairo.

Amsterdam-based Lekela also announced the start of construction work on its West Bakr wind power plant, which will have a capacity of 250 megawatts and require a total investment of $350 million.

Lekela CEO Chris Antonopoulos said Siemens Gamesa will build the West Bakr plant in the Gulf of Suez, creating an expected 550 jobs, according to the cabinet statement.

Egypt signed an agreement with the European Bank for Reconstruction and Development (EBRD) worth $201 million to improve the Egyptian Electricity Transmission Company's electric grid, and the lender will also finance a new asphalt production unit for the Suez Oil Processing Company worth $50 million.

The EBRD signed further deals with Sarwa Capital Holding and state-owned Banque Misr to issue 500 million Egyptian pounds ($31.13 million) in securitization bonds for the government's New Urban Communities Authority (NUCA).

NUCA, 51 per cent&nbsp;owned by the military's engineering authority and 49 per cent&nbsp;by the housing ministry, is developing Egypt's as-yet-unnamed new capital.

Egypt said on Saturday it had signed several multimillion-dollar energy investment accords including a $430-million deal for Texas-based Noble Energy to pump natural gas through the East Mediterranean Gas Company's pipeline.

Egypt said on Saturday it had signed several multimillion-dollar energy investment accords including a $430-million deal for Texas-based Noble Energy to pump natural gas through the East Mediterranean Gas Company's pipeline. Under another agreement with Noble, which will also be financed by the US International Development Finance Corporation, the energy company will manufacture petroleum products in partnership with Egyptian company Dolphinus Holdings. The cabinet detailed the plans at the end of an Africa investment forum held on the site of the country's planned new administrative capital in the desert east of Cairo. Amsterdam-based Lekela also announced the start of construction work on its West Bakr wind power plant, which will have a capacity of 250 megawatts and require a total investment of $350 million. Lekela CEO Chris Antonopoulos said Siemens Gamesa will build the West Bakr plant in the Gulf of Suez, creating an expected 550 jobs, according to the cabinet statement. Egypt signed an agreement with the European Bank for Reconstruction and Development (EBRD) worth $201 million to improve the Egyptian Electricity Transmission Company's electric grid, and the lender will also finance a new asphalt production unit for the Suez Oil Processing Company worth $50 million. The EBRD signed further deals with Sarwa Capital Holding and state-owned Banque Misr to issue 500 million Egyptian pounds ($31.13 million) in securitization bonds for the government's New Urban Communities Authority (NUCA). NUCA, 51 per cent owned by the military's engineering authority and 49 per cent by the housing ministry, is developing Egypt's as-yet-unnamed new capital.

Egypt signs $430-million gas deal with Texas' Noble Energy

Bolivia&rsquo;s government on Tuesday signed natural gas exploration and production agreements with Spain&rsquo;s Repsol, Brazil&rsquo;s Petrobras, and Royal Dutch Shell that are expected to bring nearly $1.6 billion in investment into the sector and boost output, President Evo Morales said at an industry summit.

The deals cover blocks in the Iguazu, San Telmo and Astillero gas areas in which Bolivia&#39;s state-run YPFB would be the partner.

Repsol would lead the Iguazu consortium with Royal Dutch Shell a minority partner, while Petrobras would lead the other two, he said.

The deals cover blocks in the Iguazu, San Telmo and Astillero gas areas in which Bolivia's state-run YPFB would be the partner

Bolivia’s government on Tuesday signed natural gas exploration and production agreements with Spain’s Repsol, Brazil’s Petrobras, and Royal Dutch Shell that are expected to bring nearly $1.6 billion in investment into the sector and boost output, President Evo Morales said at an industry summit. The deals cover blocks in the Iguazu, San Telmo and Astillero gas areas in which Bolivia's state-run YPFB would be the partner. Repsol would lead the Iguazu consortium with Royal Dutch Shell a minority partner, while Petrobras would lead the other two, he said.

Bolivia signs $1.6 billion in gas deals with Repsol, Petrobras

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