11html March 29htmlOn the 3rd, Qatar Energy Company and ConocoPhillips Energy Company of the United States signed a three-year energy cooperation agreement for 15html. The agreement stipulates that Qatar Energy will supply approximately 200, 30,000 tons of liquefied natural gas to Germany every year starting from 2026.
This is simply "great" for Germany, which is eager to seek alternative energy from Russia.
Because Germany's demand for natural gas surged driven by policies to reduce nuclear power and eliminate coal-fired power plants. Currently 31% of all natural gas in Germany flows to the residents' sector, while 37% is used for industrial development. However, 90% of the country's natural gas needs to be imported to meet its domestic demand, and more than half of its natural gas supply depends on Russia.
(Source: Zitu.com)
Over the years, Germany has become the largest Russian natural gas buyer in the world.
But after sanctions against Russia, Russia's natural gas supply decreased, and gas used in daily and industrial areas became tense. Now that people are complaining that industrial manufacturers have reduced production and stopped production, Germany has to work hard to find a "back way" to ensure that there is sufficient natural gas to support its domestic and industrial gas.
(Source: Zitu.com)
is located in Qatar, which has the third largest natural gas reserves in the world. Its northern gas field is the world's largest single gas field. Its proven reserves exceed 900 trillion cubic feet, accounting for about 20% of the global share. Although Qatar can supply gas to Germany now, it is worth noting that this agreement will not take effect until 2026.
However, in September this year, the average natural gas price in Germany had soared to about 21 euro cents per degree. If calculated based on the standard of 20,000 degrees per household consumed by a household every year, the cost of residents was as high as 4,371 euros, but in 2021, it only costs 1,316 euros.
(Source: Zitu.com)
As an old industrial country, industry has always been the pillar of the German economy. However, natural gas is in short supply now, and many German companies have chosen to reduce production or even stop production, and some have even moved their factories outside Germany. In the long run, German industry will collapse and the German economy will be "finished".
It will be time to wait until 2026 to use Qatar's liquefied natural gas, but no one can say whether Germany can last until that time.
text | Wei Yansong Title | Huang Zixin Review | Zeng Yi
