to demand, to roll back it's 0 cove id strategy. this is the double your business. i'm janelle de malott unwelcome. katara is energy minister has announced a long term deal to supply gas to germany. 2000000 tons of liquefied natural gas will be delivered annually from 2026, with the deal set to last at least 15 years. the agreement between katara estate energy company and you are you as oil giant pinocchio. phillips will see ellen g delivered to germany's northern bronze bottle terminal. germany has been scrambling for new sources of gas to replace russian supplies in the wake of the war in ukraine. christoph rule is from the center of global energy policy at columbia university. thank you for being here, christoph. so in terms of actually replacing the rush and gas flows that germany wanted to win itself off of how much will this deal actually help?

good morning. so it's not going to be of a magnitude which will change the, the gas for that's for gas for. ready for germany or europe, it amounts to about 3 percent of germany used to consume in 2021 before the war started. but it's a start and as they say in english now, every little house. and i think there are 3 important points of the background here which, which image are worth mentioning. the 1st one is, this is the 1st time of course for germany to engage in that kind of contract. and to keep one of his terminal busy. this comes into bonds, little starts only in 2026, but it is sort of a stepping saw on which to build. the 2nd is, it's not only a 1st for germany is also for us, for katara, not only in delivering to germany in working with germany. but it's also coming from a new segment of the north field, which is which, which is what they're just trying to produce. that gas together is konica phillips . this is the american company should send that to you. and the 3rd one is the most

important one. there was a lot of haggling, not so much for the cut are capable of willing to deliver gas and that the germany was capable of taking it. but about the length of the contract for many reasons. and was 15 years there though, agreed on a contract length, which is considerably about the short term which germany wanted and considerably low the long term cut on wanted cut. i wanted to use the current price terms to lock in a contract much longer term. they have at the same day announced a contract with china for 27 years. so you can see that between 0 and 27 germany, it's not just because he mentioned that the length of the contract, we are still talking about a long time contract, even though it's not as long as the guitar is wanted. we're still talking about 15 years. what about germany is client climate goals? doesn't ellen g then endanger those goals? that is a very interesting development you. when you think about 10 years back or so, it was all the pipeline delivers of gas like countries like russia,

which wanted long term contracts in which very used to long term contracts. the gas markets for, you know, when you have a pipeline was from a to b, that is for you to market and you fix it with a long term contract. that was a boring market following, following oil prices more or less. it was only risk the merchant of liquefied natural gas, that suddenly gas could be delivered everywhere and coming from everywhere like the oil market. and as a result of market price, such was liquefied natural gas. and the shipments would go all over the place and price $1.00 until it resulted, which was unknown for in gas markets, as countries competed toward the recent export us competed for customers. and again, it was the ship us with gas pipelines like russia who wanted long term prices and who didn't like the short term prices. now prices are so high that the delivery of energy like cut are the ones one long term contracts because we want to look in was young prices like germany, one's shorter trunk process, but for the climate change. i mean it's,

it's probably unavoidable to switch to gas to some, some people stand as transition take long. ok then be. thank you so much. first off for us from the center of global energy policy at columbia university, we have to leave at fair. thank you very much. thank you. virgin is cracking down on protests against 0 coven strategy and several cities. the chinese government is detaining people, censoring social media, and suddenly tweaking it's strict measures in a bid to quality on ref. meanwhile, global markets are already recovering from monday, fell off, but the uncertainty remains. the protests are just the latest challenge posed by china. 0 coven strategy, which has already disrupted supply chains and her chinese consumption. done joined by theresa fallon. she's a director of the center for russia, europe, asia studies, and our correspondents who so han, who is following the story from taipei, welcome to both of you, starting with you. so it seems like we're not seeing as many protests today,

is it because of the crackdown yes, the authorities have started standing please to investigate the protesters. and now the chinese government and pro china activists are deliberately portraying the protests as a result of foreign intervention. and that people in major cities, such as saw, high embedding, have been randomly asked by please to check their mobile phones on the street as subway stations or shopping malls to see if people have installed overseas. social media platform such as twitter, instagram, telegram or are using the p n. and that is why we are not seen as many protests a day. now protestors clearly on notice, but you know, it was always a risk to protest in china anyway, but theresa, i wanted to turn to you. a tipping point was clearly reached here in china. what does this unrest tell us about the country's economic model? i think that this quote is incredible because the entire country in cities across the country,

everyone was protesting. this idea of the surveillance state didn't seem to work at this point. and of course they are cracking down today with censorship and, and no one can find out what's going on online, but we see how there's a real lack of trust in the government. and this whole idea of legitimacy that they have to do. and how do i say this are they have to deliver on the economy? and after 2 and a half years will be locked down, they have been unable to do that. so people are getting very frustrated. we've seen the markets go up and down and all of this. and the biggest problem of all is that there has in the last 2 hours, the foreign ministry has stated that they will increase, vaccinations with markets responded very positively to that. nevertheless, they will use chinese vaccines which have a very low effective rate, and only about 40 percent of the elderly population are vaccinated. so this doesn't look very good. it, when they do eventually open up it almost a lot of fatalities because they don't have any natural immunity. and the whole

idea of the o micron has really changed everything. it's so infectious that the 0 coven strategy clearly is not working. yes, the german government has even suggested that they perhaps finally allow western vaccines but so she didn't things government seems have a choice now between meeting the protesters demands to rollbacks hiroko vid are cracking down even harder. what do you think we're going to see your scheme all. we have the response from the chinese government to the protests. and it says that the closure and control measurement of should be quickly and properly resolved to reduce the inconvenience costs to the public by the epidemic. it did not mention the realization of the 0 coffee policy, but refer to the improper closure as an action by local governments and asked the public to step up and report. however, the stay media still emphasized that there is no wavering of the 0 could be policy . so we'll see how beijing can optimize it to

a level that there people can accept. now, theresa, what do these protests mean for it? china's goal of becoming the world's largest economy by 2050. i think that even though these protests have happened, there are still some 5 major issues that the government has to tackle. so they have the oldest population in the entire world. they have huge demographic issue. people are, have even less children during over 19. so that's been accelerated productivity has stalled. people are moving around. so there's very little economic activity over 20 percent of the companies are actually in lockdown. so this has huge economic impact . but i would suggest, you know, people are really connecting the dots here today in progress. there's the needle meeting and the chip or the u. s. chip, or has had the biggest effect on the chinese economy. and so more than any of trumps sanctions or any activities he didn't for years. so what was done kind of

rather quietly by the, by the administration has had a massive impact on china and their supply chains. so i would suggest how things play out at the national meeting today in progress us is trying to get l a. supports on the supply chain issues and not to exports, high tech equip china that will be the real a barometer of how the chinese economy will perform. and this also, it is an indicator at it the people are so angry with the current government. one thing that can unite people is maybe some sort of activity towards taiwan. so markets are also factoring that in so many factors that play there is a fallen china expert at the center for russia, europe, asia studies, and are corresponded to some hon. thank you. both, thanks now to some of the other global business stories making news. twitter owner ilan mosque issued a threat to apple saying the tech firm caught ads on twitter and threatened to block the up. he targeted the eiffel maker and several tweets,

asking whether apple halted, hated free speech, criticized that's up fees, and wondered whether it would go after the other company. tesla block fi has become the latest u. s. crypto currency lender to file for bankruptcy. just a few weeks after f t x did the same as t x was blah fie's, 2nd largest predator causing a domino effect. when it went under. the company says it was money to more than $100000.00 creditors. china's biggest property developer ever grand has sold a parcel of land for 1000000000 euros to mitigate its worsening financial position . the company has been offloading assets to pay off. it's 300000000000 euro debt. the land in sands then was initially intended for its southern tech headquarters. the european commission has approved germany's plan to give braille operator deutsche about 530000000 euros. the package is meant to help the company compensate

for losses. stemming from the pandemic during 2021. this is the 2nd time the commission has approached a such a measure. and a reminder of the top business stories were following for you this hour. kazora's energy minister has announced a long term deal to supply gas to germany. 2000000 tons of liquefied natural gas will be delivered annually from 2026. but the deal set to last, at least 15 years. germany has been scrambling for new sources of gas to replace the russian supplies in the wake of the war and ukraine. bay jane is cracking down on protests against 0 coven strategy in several city. the chinese government is detaining people, centering social media, and suddenly tweaking and strict measures in a bid to quality unrest. meanwhile, global markets are already recovering from monday sell off, but the uncertainty remain. that for me and the business team here

in berlin, from where from us head to d, w dot com slash business, or the d w, and use youtube channel or also on facebook at dw dot business until next time. take care. ah ah, with

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secret weapon lipstick, dos, december 3rd, on d, w for, ah, ah, this is d, w is live from berlin, china steps up the crack down on protests against beijing, 0, coven policy, police target individual campaigners and check cell phones for evidence of illegal activity. last demonstrations appear to be subsiding for now. also on the program, nato leaders meeting bucharest to discuss applying ukraine with winter aid and more weapons as ukrainian fighters deal with a bit of reality. winter will bring a bit later.