Europe will not have to sign long-term contracts for all the LNG it needs to replace Russian gas volumes,according to Shell CEO Ben van Beurden.Contract negotiations between top European economy Germany-which is working to reduce its heavy reliance on Russian pipeline gas in the wake of the confl ict in Ukraine-and LNG giant Qatar are said to have run into diffi culties.Berlin's reluctance to meet Qatar's condition that it sign deals of at least 20 years for the LNG,fearing that may put its decarbonization targets at risk,is one of the sticking points,Reuters reported this week.
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