RWE keeps German LNG door open
Utility still sees at least a short-term need for gas even as Vopak steps back from proposed import terminal
German utility RWE has set itself a new target of 50GW of low-carbon generation capacity by 2030. But it still sees a role for gas-fired power and for LNG in the coming years. And that could be good news for the proposed 5mn t/yr German LNG import terminal, in which RWE has signed up to take a “significant part of the capacity”. The project was buffeted at the end of last week by one of its three shareholders, Dutch tank storage heavyweight Vopak, taking a step back from the project. “With the simultaneous exit from coal and nuclear energy, the need for additional capacity is particularly high,” says RWE CEO Markus Krebber. “Studies show that power plants with a total capacity of 20-40GW wil
Also in this section
17 January 2025
Supply glut or supply deficit are both plausible outlooks, with tariffs and sanctions among the key risks that could swing the pendulum
17 January 2025
European Commission is on its way to meeting clean energy goals, but energy security concerns and higher costs may give it second thoughts
17 January 2025
The CEO of QatarEnergy has highlighted the potential impact a new EU directive could have on energy exports to the continent
16 January 2025
The government’s resource nationalism is aggravating the NOC’s debt position and could yet worsen if also tasked with the decarbonisation shift