Germany charters fifth floating LNG terminal

Record ID: 1687001

  • Title: Germany charters fifth floating LNG terminal
  • Date: 1st September 2022
  • Summary: WILHELMSHAVEN, GERMANY (FILE - MAY 4, 2022) (REUTERS) VARIOUS DRONE VIEWS OF NORTH SEA SITE FOR FUTURE LNG TERMINAL (MUTE) VARIOUS OF CRANES AT SITE FOR FUTURE TERMINAL, SEEN FROM COAST VARIOUS OF SHEEPS GRAZING ON GRASS ETZEL, GERMANY (FILE - MAY 5, 2022) (REUTERS) DRONE VIEW OF ETZEL UNDERGROUND STORAGE FOR NATURAL GAS AND CRUDE OIL, TO BE CONNECTED WITH NEW LNG TERMINAL VIA 30 KM PIPELINE (MUTE) VARIOUS GROUND VIEWS OF ETZEL STORAGE, SEEN THROUGH FENCE
  • Embargoed: 15th September 2022 15:15
  • Keywords: gas lng nordstream 1 wilhelmshaven
  • Location: Berlin & Wilhelmshaven & Etzel, Germany
  • City: Berlin & Wilhelmshaven & Etzel, Germany
  • Country: Germany
  • Topics: Europe,Economic Events
  • Reuters ID: LVA002202001092022RP1
  • Aspect Ratio: 16:9
  • Story Text: The German government plans to charter another floating liquefied natural gas (LNG) terminal for winter 2023/24, bringing the total number to five, as part of its strategy to diversify away from Russian energy.
    The fifth state-owned floating storage and regasification unit (FSRU) will come to Wilhelmshaven, where another FSRU is already planned, and has a capacity of 5 billion cubic metres per year, said the Economy Ministry on Thursday (September 1).
    "If all projects are implemented, we will have 25 billion cubic metres just from the five state-owned ships or state-chartered ships that are operated and used by companies," said Economy Minister Robert Habeck during a news conference in Berlin.
    E.ON Green Gas, Engie and Germany's Tree Energy Solutions (TES) will manage the new terminal, which they said should start at before the heating period 2023.
    Germany in May leased four floating storage and regasification units (FSRUs) for the import of at least 5 billion cubic metres a year each of seaborne gas, of which two are due to become available this year.
    "We shouldn't count on gas coming from Nord Stream 1 over the winter," said Habeck. "If something came up, it would certainly relax the gas market. But we must not have this dependency in our minds any more".
    (Production: Oliver Barth, Ulrike Heil, Fanny Brodersen, Daria Shamonova)
  • Copyright Holder: FILE REUTERS (CAN SELL)
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