Germany Seeks Middle East LNG Deals
Market Intelligence Analysis
AI-PoweredGermany's Chancellor Friedrich Merz is leading a delegation to Saudi Arabia and Qatar to secure liquefied natural gas supply deals, aiming to diversify away from the US and reduce geopolitical dependence.
Market impact analysis based on bullish sentiment with 80% confidence.
Article Context
Germany’s chancellor, Friedrich Merz, will lead a delegation to Saudi Arabia and Qatar, seeking to secure supply deals for liquefied natural gas to diversify away from the United States, Bloomberg has reported, adding that Merz will also look for closer cooperation with the Gulf states on defense. The news follows a statement by EU Energy Commissioner Dan Jorgensen, who signaled last month the bloc was growing uneasy about its overwhelming dependence on U.S. liquefied gas that could put it in an unfavourable position geopolitically. The dependence…
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