Germany set to have at least 2 LNG terminals
German Economy Minister Peter Altmaier said on Tuesday he was optimistic that Germany would build two terminals in the foreseeable future to import liquefied natural gas (LNG). As Germany phases out nuclear power and coal, it is increasingly turning to gas to compliment renewable energy sources. It is under pressure, especially from the United States, to cut its dependence on Russian gas and buy in LNG. Altmaier told a meeting with German and U.S. energy officials and industry lobbyists that Germany was weighing up the extent of state subsidies and regulations before private investors build the terminals needed for LNG imports. Of three sites under consideration – Brunsbuettel, Stade and Wilhelmshaven – Altmaier was confident terminals would be built at two in the foreseeable future.
ExxonMobil Signs Preliminary Wilhelmshaven LNG Deal
FRANKFURT, Jan 25 (Reuters) – German utility Uniper on Friday said ExxonMobil had signed a preliminary deal to take a substantial share of the regasification capacity at a liquefied natural gas (LNG) floating terminal planned for Wilhelmshaven. “The heads of agreement (a non-binding draft) is an important step towards the realisation of the Wilhelmshaven floating storage and regasification (FSRU) project,” said Keith Martin, Uniper’s chief commercial officer. “The FSRU will provide LNG companies from the United States, but also other countries from around the world, with the opportunity to deliver LNG into the German and European markets,” he said. LNG is seen helping the German government diversify away from pipeline gas arriving from Russia, Norway and the Netherlands.
Germany’s Uniper sees merit in building LNG terminal at Wilhelmshaven
Germany’s Uniper on Tuesday said it favours a for liquefied natural gas (LNG) terminal at the Wilhelmshaven deep sea port on the North Sea coast, less than a week after peer RWE said it secured access to capacity should a rival project at Brunsbuettel go ahead. “Wilhelmshaven in particular can be a suitable location, there are many arguments in favour of it,” spokesman Leif Erichsen said in a written statement.He cited the port’s ability to offer infrastructure for LNG vessels of all sizes and its proximity to the German long-distance gas pipeline grids and underground storage caverns in the northern state of Lower Saxony where most gas is produced. “The integration into the gas industry system would be very cost-efficient,” Erichsen said. Source: ReutersUpload News