German utilities take on LNG supply duties
The first two floating import terminals now have commitments to full deliveries
Europe has learned the hard way on numerous occasions that LNG import capacity does not equal supply. The German government is clearly keen not to repeat the mistake, as it has inked agreements with three of the country’s utilities that specify that all capacity in two new floating storage and regasification units (FSRUs) must be filled. The Federal Ministry for Economic Affairs and Climate Action, or BMWK, has signed memorandums of understanding (MoUs) with Uniper, RWE and the VNG subsidiary of EnBW to supply the Brunsbuettel and Wilhelmshaven FSRUs with gas, with legally binding contracts being drawn up “quickly”. “The declared aim is to use [the FSRUs] to full capacity as soon as they are
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