Market updates and forecasts

Get the latest economic news from ForexMart, including updates on the financial market, central banks' policy announcements, financial indicators, and other relevant news which can have an impact on the industry.

Disclaimer:  Information provided here to retail and professional clients does not contain and should not be construed as containing investment advice or an investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance.

Germany has agreed with Qatar on long-term LNG supplies


March, 21 2022
watermark Economic news

The German Ministry of Economy announced that Germany has agreed with Qatar on long-term supplies of liquefied natural gas (LNG).


This agreement will allow Germany to reduce its dependence on Russian gas imports, whose share in annual supplies now exceeds 50%. The ministry also noted that the volume of purchases and their conditions will be discussed individually by German companies.


At the same time, Germany notes that Russian gas is still necessary and necessary this year, but in the future the country hopes to completely abandon Russian raw materials. 


The Qatari authorities welcome Germany's decision to accelerate the construction of two LNG terminals, and intend to start discussing the terms of long-term contracts for the supply of LNG in the near future. 


European leaders are planning to hold another meeting in Brussels on Thursday, where they will discuss the possibility of taking measures in response to the rise in oil and gas prices due to the Russian-Ukrainian conflict. Germany does not intend to extend the service life of nuclear power plants, the closure of which is scheduled for the end of 2022, and is pinning hopes on LNG terminals, hoping to limit gas imports to Russia.


Feedback

ForexMart is authorized and regulated in various jurisdictions.

(Reg No.23071, IBC 2015) with a registered office at Shamrock Lodge, Murray Road, Kingstown, Saint Vincent and the Grenadines

Restricted Regions: the United States of America, North Korea, Sudan, Syria and some other regions.


© 2015-2024 Tradomart SV Ltd.
Top Top
Risk Warning:
Foreign exchange trading carries a high risk of losing money due to leverage and may not be suitable for all investors. Before deciding to invest your money, you should carefully consider all the features associated with Forex, as well as your investment objectives, level of experience, and risk tolerance.
Foreign exchange trading carries a high risk of losing money due to leverage and may not be suitable for all investors. Before deciding to invest your money, you should carefully consider all the features associated with Forex, as well as your investment objectives, level of experience, and risk tolerance.