Germany Signs MoU with Gas Firms to Supply Two Floating LNG Terminals
08.16.2022 By Ella Keskin - NEWS

August 16, 2022 [ Reuters ] – Germany on Tuesday signed a memorandum of understanding (MoU) with the country’s top gas importers Uniper , RWE  and EnBW’s  VNG  for the supply of two floating liquefied natural (LNG) gas terminals.

 

Under the MoU, the two planned Floating Storage and Regasification Units (FSRU) in Wilhelmshaven and Brunsbuettel will be fully supplied from their expected operational start in the coming winter until March 2024, Economy Minister Robert Habeck said.

“This is an important date in the series of steps that we have been taking since the beginning of the year, to make ourselves independent and less susceptible to blackmail from (Russian President Vladimir) Putin, and to give Germany a robust and resilient energy infrastructure, or in this case gas infrastructure,” he said.

Via the two FSRU, Germany will be able to import up to 12.5 billion cubic metres (bcm) of LNG a year, or around 13% of the country’s total natural gas demand in 2021, according to numbers from research firm Enerdata.

Nord Stream 1, which is majority-owned by Gazprom, usually supplies 55 bcm a year to Europe but it currently runs at just 20% of its capacity, citing delayed or faulty equipment while Germany says this is a pretext to hurt the local economy.

“The memorandum of understanding ensures that these ships will have orders for all the available gas at their disposal by March 2024,” Habeck said.

Reporting by Christoph Steitz and Rachel More


Pro Trial: Access 11,340 Tank Terminal and Production Facilities

11,340 tank storage and production facilities as per the date of this article. Click on the button and register to get instant access to actionable tank storage industry data

Woodfield Systems to Invest $100 Mn for Manufacturing in India
03.01.2024 - NEWS
March 1, 2024 [Business Line]- The company currently has two plants in Maharashtra and has a thir... Read More
ExxonMobil, Shell to Work with Singapore on Carbon Capture and Storage Project
03.01.2024 - NEWS
March 1, 2024 [Investing]- Global energy majors Exxon Mobil and Shell will work with Singapore to... Read More
Chevron Announces its First Solar-to-Hydrogen Production Project in California’s Central Valley
03.01.2024 - NEWS
March 1, 2024 [Chevron]- Chevron New Energies, a division of Chevron U.S.A. Inc., announced it is... Read More
Sempra Targets Cameron LNG Expansion FID in H1 2025
02.29.2024 - NEWS
February 29, 2024 [LNG Prime]- US LNG exporter Sempra Infrastructure, a unit of Sempra, expects t... Read More