German-Qatar partnership to deepen in various fields, says Invest Qatar-BVMW report

The German-Qatar partnership is set to deepen, with potential growth in shared areas such as energy security, investment, research and innovation, talent development and logistics, according to a joint report of Invest Qatar and the German association for small and medium sized businesses (BVMW).

“As Germany continues to seek secure and sustainable energy supplies, Qatar’s role as a key provider of LNG (liquefied natural gas) is set to expand,” the report said, adding the signing of a declaration of intent on an energy partnership in 2022 and the launch of a strategic dialogue in 2023 reflect the growing importance of this bilateral relationship.

As Qatar ramps up its LNG production capacity to 142mn tonnes per annum by 2030, it offers Germany a “stable and reliable” energy source, aiding in its efforts to diversify away from traditional energy supplies, it said.

Beyond LNG, the two nations share a commitment to renewable energy and sustainability goals.

Qatar’s investments in solar power and hydrogen production, as well as its ambitious targets for carbon capture and storage (CCS), align with Germany’s long-term Energiewende (energy transition) strategy to achieve a climate-neutral energy system by 2045.

Qatar is a significant investor in Germany, with total investments of about $27bn across various sectors, including automotive, energy, finance and real estate. Qatar Investment Authority (QIA) has strategically acquired substantial stakes in key German companies In 2023, Qatar’s exports to Germany totalled $726.2mn.