ConocoPhillips has secured a significant natural gas supply agreement with German energy company Uniper, promising to deliver up to 10 billion cubic meters of gas annually over the next decade.
The agreement, confirmed by a ConocoPhillips spokesperson, focuses exclusively on pipeline gas rather than liquefied natural gas (LNG). However, Uniper indicates that the deal will allow ConocoPhillips to supply natural gas to Uniper across Northwest Europe, utilizing both existing pipeline infrastructure and expanding LNG capabilities.
“This agreement supports ConocoPhillips’ growing gas flows into Europe, where substantial long-term regasification capacity commitments have been made, including the German LNG, Gate, and Zeebrugge terminals,” the spokesperson added.
Uniper’s Chief Operating Officer, Carsten Poppinga, emphasized the importance of this deal for bolstering gas supplies in Germany and Europe sustainably over the long term.
Earlier this week, Uniper raised concerns that Germany must expedite the awarding of tenders for new natural gas capacity to replace coal plants. This urgency is critical if the country aims to phase out coal power generation by the end of the decade.
Despite an earlier announcement from the German government regarding plans to tender 10 gigawatts of new natural gas-fired generation capacity—convertible to hydrogen in the 2030s—Uniper’s warning highlights the pressing need for timely action to ensure stable electricity supply as reliance on wind and solar power increases.
Additionally, a climate think tank has cautioned against expanding LNG import capacity in Germany, claiming that demand may peak, potentially leaving new infrastructure as stranded assets. Germany is projected to develop up to 70.7 million tons per year of LNG import capacity by 2030, positioning itself as the fourth-largest LNG importer globally.
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