Qatar could invest in German LNG terminal

9/5/2018

BERLIN (Reuters) - Qatar’s energy minister threw his support behind the possible cooperation of Qatar Petroleum, the world’s top supplier of liquefied natural gas (LNG), on a potential German LNG terminal.

Mohammed al-Sada told Reuters that discussions were under way but it would be premature to talk about any specific investment terms because that would depend on the size of the terminal.

On Wednesday Qatar Petroleum said it was in talks with Germany’s RWE and rival Uniper about cooperating on a potential LNG terminal.

“As a matter of principle, Qatar is interested,” the minister told Reuters ahead of a bilateral investment conference in Berlin on Thursday, where both German Chancellor Angela Merkel and Qatari Emir Tamim al-Thani will speak.

“Certainly it should be a win-win situation. Both parties should benefit from such a thing,” he added. “If Germany lent itself to such a suggestion - if we are invited to do so - we will be happy.”

Source: EWA

Al-Sada said Qatar was also keen to export LNG to Germany, highlighting the environmental advantages of LNG, the reliability of Qatar’s deliveries and that it could help Germany to diversify its energy supply.

But he said that Qatar does not want to crowd out other suppliers, adding: “There will be room for everybody’s gas.”

Germany, Europe’s largest energy consumer, shelved plans for an LNG terminal of its own a few years ago, with major operators instead participating in foreign projects, including Rotterdam’s Gate terminal.

However, talks about a German terminal have been revived as global LNG flows increase and ahead of looming requirements for cleaner fuels.

A consortium comprising Dutch gas network operator Gasunie, German tank storage provider Oiltanking and Dutch oil and chemical storage company Vopak is trying to get such a project off the ground.

A funding decision by the consortium, dubbed German LNG Terminal, is expected by the end of 2019.

Reporting by Andrea Shalal; Editing by David Goodman