Germany weighs leasing additional floating LNG terminal
Germany has signed contracts to lease three floating LNG terminals and is considering getting a fourth to more quickly reduce dependence on Russia for gas supplies, a government source said.
Germany's Economy and Climate Protection Ministry last month said it had secured three so-called floating storage and regasification units (FSRU) via utility companies RWE and Uniper, adding negotiations were in the final stages.
"Planning and preparations for negotiations for a fourth FSRU are also under way," the source said.
Germany plans to spend up to 3 B euros ($3.25 B) for the four terminals over the next decade, news agency dpa reported, citing a document by the Finance Ministry.
FSRUs are part of Germany's strategy to diversify away from Russia, which accounts for most of its gas. The ministry has said that the terminals could start operation as soon as winter 2022/2023.
The Economy Ministry declined to comment.
(Reporting by Markus Wacket, Christoph Steitz and Riham Alkousaa; Editing by Sabine Wollrab, Chizu Nomiyama and Sandra Maler)
- Biogas in France: TotalEnergies starts its 2nd largest unit in Normandy
- ONEOK announces joint ventures with MPLX to build LPG export terminal at U.S. Gulf Coast location
- Ukraine plans to import 800 MMm3 of gas until April after Russian strikes
- Parker Hannifin joins iHAPC project to test H2 and argon for cleaner and more energy-efficient engine technologies
- India's BPCL signs LPG supply deal with Norway's Equinor
Comments