A potential China-Russia gas deal could disrupt US energy exports by altering global energy supply dynamics and geopolitics, posing challenges for US energy markets.
A recent study commissioned by the German Association of Energy and Water Industries (BDEW) found that only 14% of Germans surveyed believe there will be supply shortages this winter, with 64% believing they will get through the winter without major problems. The German gas storage facilities are full, and gas imports are stable, according to Klaus Müller, president of the Federal Network Agency. However, there are potential challenges if temperatures drop significantly or if Russia cuts off gas deliveries via Ukraine. Germans are advised to be frugal with energy consumption, as it could save money and help mitigate potential shortages.
Qatar has signed a 27-year deal with China National Petroleum Corporation (CNPC) to supply 4 million metric tons of liquefied natural gas (LNG) per year. CNPC will also take an equity stake in the eastern expansion of Qatar's North Field LNG project. This is Qatar's second large gas supply deal with a Chinese state-controlled company in less than a year, putting Asia ahead in the race to secure gas supplies from Doha's massive production expansion project.