In an effort to find new
partners to replace its reliance on Russian energy imports, German Chancellor
Olaf Scholz is anticipated to sign LNG contracts when he travels to the United
Arab Emirates on Sunday.
"The gas selection is
gradually expanding. The administration is always in contact with numerous
nations, "Robert Habeck, the minister of the economy, mentioned his own
March trip to Qatar and the United Arab Emirates.
Reuters was informed by
sources in May that the LNG negotiations between Germany and Qatar were
complicated by disagreements on crucial terms, such as the length of any deal.
As part of its efforts to
diversify away from Russian gas, German is purchasing LNG terminals.
Habeck was speaking in the
northern German town of Lubmin, where officials are hoping that a floating
storage and regasification unit (FSRU) leased by the government will become
operational at the latest by the end of 2023.
Habeck said of the
construction drive, "We must demonstrate that in times like these, we can
plan, authorise and build faster than is generally the case in Germany."
He added that LNG projects in Wilhelmshaven and Brunsbuettel were instances of
this.
The two FSRU vessels there
have "a good, realistic chance" of being able to feed into the German
gas network before the turn of the year, he said.
The United Arab Emirates
(UAE) and Germany have active diplomatic ties. This is demonstrated by the
strategic alliance that was forged in April 2004. In order to further solidify
their relationships, the two nations signed a joint declaration of purpose
during Crown Prince Mohammed bin Zayed Al Nahyan's visit to Berlin in June
2019.
Germany's top trading partner in the region is the United Arab Emirates.
The UAE is Germany's second-largest market in the Near East, Middle East, and
North Africa, right after Saudi Arabia. The bilateral trade was worth 7.51
billion euros in 2020. Automobiles, machinery, electrical items, chemicals, and
aircraft are Germany's top exports to the United Arab Emirates. Germany mainly imports
petrochemicals and aluminium
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