QatarEnergy, ConocoPhillips Sign LNG Supply Deal for Germany

QatarEnergy CEO and Qatar's Minister of Energy Saad al-Kaabi attends a signing ceremony with Sinopec, in Doha, Qatar, November 21, 2022. (Reuters)
QatarEnergy CEO and Qatar's Minister of Energy Saad al-Kaabi attends a signing ceremony with Sinopec, in Doha, Qatar, November 21, 2022. (Reuters)
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QatarEnergy, ConocoPhillips Sign LNG Supply Deal for Germany

QatarEnergy CEO and Qatar's Minister of Energy Saad al-Kaabi attends a signing ceremony with Sinopec, in Doha, Qatar, November 21, 2022. (Reuters)
QatarEnergy CEO and Qatar's Minister of Energy Saad al-Kaabi attends a signing ceremony with Sinopec, in Doha, Qatar, November 21, 2022. (Reuters)

QatarEnergy and ConocoPhillips on Tuesday signed two sales and purchase agreements to export liquefied natural gas (LNG) to Germany for at least 15 years from 2026, the first such supply deal to Europe from Qatar's North Field expansion project.

The deal will provide Germany with 2 million tons of LNG annually, arriving from Ras Laffan in Qatar to Germany's northern LNG terminal of Brunsbuettel, QatarEnergy's chief executive said.

"(The agreements) mark the first ever long-term LNG supply agreement to Germany, with a supply period that extends for at least 15 years, thus contributing to Germany's long-term energy security," Saad al-Kaabi said in a joint news conference with ConocoPhillips CEO Ryan Lance.

A ConocoPhillips wholly-owned subsidiary will purchase the agreed quantities to be delivered ex-ship to the German receiving terminal, which is currently under development.

The deal comes a few days after QatarEnergy signed a 27-year sales and purchase agreement with China's Sinopec.

The North Field is part of the world's biggest gas field that Qatar shares with Iran, which calls its holding South Pars.

QatarEnergy earlier this year signed five deals for North Field East (NFE), the first and larger of the two-phase North Field expansion plan, which includes six LNG trains that will ramp up Qatar's liquefaction capacity to 126 million tons per year by 2027 from 77 million.

Since Russia's invasion of Ukraine in February, competition for LNG has become intense, with Europe in particular needing vast amounts to help replace Russian pipeline gas that used to make up almost 40% of the continent's imports.

On Tuesday, Kaabi said negotiations were still taking place with other German companies for further supply.



SAMI to Showcase Cutting-Edge Innovations at Saudi Pavilion at IDEX 2025

SAMI to Showcase Cutting-Edge Innovations at Saudi Pavilion at IDEX 2025
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SAMI to Showcase Cutting-Edge Innovations at Saudi Pavilion at IDEX 2025

SAMI to Showcase Cutting-Edge Innovations at Saudi Pavilion at IDEX 2025

The Saudi Arabian Military Industries (SAMI), a Public Investment Fund company, announced on Sunday its participation in the International Defense Exhibition and Conference (IDEX) 2025 under the Saudi Pavilion led and organized by the General Authority for Military Industries (GAMI).

The exhibition is scheduled to take place from February 17 to 21 in Abu Dhabi, UAE.

The Saudi Pavilion will bring together leading Saudi government agencies and companies specialized in the field of military industries, where SAMI will showcase its latest products across its various divisions.

In a statement, SAMI said key exhibits will feature SAMI Land’s upgraded SAMI Light Armored Tactical Vehicle (SLTV) with new and improved specifications, and ROAYA, the Remote Turret—both cutting-edge products designed and built entirely in Saudi Arabia.

SAMI AEC will showcase its innovations in command, control, communications, and intelligence (C4I) systems, alongside other advanced systems and products.

As Saudi Arabia’s leading national defense partner, SAMI's presence at IDEX 2025 underscores its commitment to supporting Vision 2030’s goal of localizing 50% of the Kingdom’s defense spending.

"Through its participation, SAMI highlights the remarkable growth and transformation within the Kingdom’s defense sector, fostering innovation, empowering national talent, and strengthening Saudi Arabia’s position on the global stage," said the statement.