Rising gas import demand to support energy company's projects
Germany’s single biggest customer of Russian gas, Uniper, said a growing import gap in Europe was supporting its strategy for pipeline and liquefied natural gas (LNG) projects, which were making good progress.
“We assume that there will be additional gas import demand of 150 billion cubic meters per year by 2030 in Europe,” chief financial officer Christopher Delbrueck said at a news conference on the presentation of its 2018 earnings.
He cited the loss of the major Dutch Groningen field, moves to shed coal burning and nuclear energy, and the intermittent nature of growing renewable energy that required more gas burning as a transition fuel toward a green future.
Investment decisions for the Wilhelmshaven LNG terminal project, where Uniper will be a facilitator, would be taken by year-end, Uniper expects, hoping to arrange more prebooking of capacities soon.
The Nord Stream 2 pipeline project for Russian gas, where Uniper is one of five western shareholders, was far advanced while needing further clearance by Germany’s energy regulator, Delbrueck said.
Reporting by Vera Eckert; editing by Thomas Seythal
The continued expansion of natural gas trade is led primarily by growth in the LNG sector, which has tripled over the past 3 yr.
Industry Focus: The future of gas-to-power projects in Africa
Natural gas is expected to play a central role in supporting Africa’s drive to achieve electricity connection for nearly 600 MM people without access to the grid, to reduce widespread reliance on coal for power generation, and to fast-track the continent’s slowed industrial expansion.
Regional Focus: Gazprom faces challenges for combined LNG/processing plant in Baltics
Russia’s largest natural gas producer, Gazprom, aims to build a giant project on the Russian Baltic seaport of Ust-Luga. The plans include the construction of a combined LNG and gas processing plant.
GasPro 2.0: A Webcast Symposium
Following on the heels of the highly successful GasPro 2.0 Webcast Symposium in October 2018, the second GasPro Webcast Symposium 2.0 will take place on October 24, 2019.
The 2019 web event will gather experts in the fields of LNG, gas processing, and gas transport/distribution to share their operations expertise, engineering and design solutions, and technology advances and trends with our audience.
Attendees will learn about technology and operational solutions and deployments in a number of areas: plant design and expansion, construction, NGL production, optimization, sulfur removal, marine operations and separation technology.
October 24, 2019 08:30 AM CDT