Germany

TotalEnergies Now Top German LNG Supplier After Lubmin Deal

TotalEnergies Now Top German LNG Supplier After Lubmin Deal

TotalEnergies SE and Switzerland-based energy supplier MET Group said Friday they’ve secured regasification capacity at the new offshore LNG import terminal at Lubmin on Germany’s Baltic Sea coast.  TotalEnergies said it is now one of Germany’s main liquefied natural gas suppliers, while MET Group said the capacity would allow it to fulfill agreements signed with…

January 13, 2023

Third FSRU Makes Way to Germany After Loading in Spain – The Offtake

The floating storage and regasification unit Hoegh Gannet could soon be headed for Brunsbuettel, Germany to serve as the country’s third operating import terminal, RWE AG reported.

January 13, 2023
Germany’s LNG Import Capacity Plan Reaches Milestone with First FSRU Arrival

Germany’s LNG Import Capacity Plan Reaches Milestone with First FSRU Arrival

Germany is preparing for its first of several new LNG import terminals to arrive offshore near the end of the week, marking a milestone in its plan to increase import capacity and cut reliance on Russian pipeline gas. The Hoegh Esperanza, a floating storage and regasification unit (FSRU) owned by Höegh LNG AS, is expected…

December 15, 2022
Germany’s EnBW Books Long-Term LNG Import Capacity

Germany’s EnBW Books Long-Term LNG Import Capacity

EnBW Energie Baden-Württemberg AG has made a long-term commitment for 3 billion cubic meters (Bcm)/year of LNG regasification capacity at the developing terminal in Stade, Germany, securing a home for its influx of U.S. supply intended to decrease reliance on Russia. EnBW disclosed Thursday it has secured capacity for more than 10 years in an…

December 8, 2022
Deep Freeze Arrives in Europe, Pushing Natural Gas Prices Higher – LNG Recap

Deep Freeze Arrives in Europe, Pushing Natural Gas Prices Higher – LNG Recap

Bitter cold forecast for parts of Europe this week is set to bring the first major test of the winter heating season for the continent’s gas market and its robust storage inventories.  The UK’s National Balancing Point and the Dutch Title Transfer Facility (TTF) both gained about 3% on Tuesday and settled above $40/MMBtu. The…

December 6, 2022
Trafigura Lands $3B Loan to Supply Germany with Natural Gas, LNG

Trafigura Lands $3B Loan to Supply Germany with Natural Gas, LNG

Global commodities trader Trafigura Group Pte. Ltd. has secured a $3 billion loan backed by the German government to help secure more natural gas for the country.  Trafigura would supply the gas to Germany’s Securing Energy for Europe (Sefe), a former Gazprom PJSC unit that the country nationalized and recapitalized earlier this year. The first…

December 5, 2022
ConocoPhillips Cuts Deal to Deliver Long-Term LNG Supplies to Germany

ConocoPhillips Cuts Deal to Deliver Long-Term LNG Supplies to Germany

ConocoPhillips on Tuesday signed two contracts to buy LNG from QatarEnergy and deliver it to Germany beginning in 2026, marking the first ever long-term supply agreement to move the super-chilled fuel to Europe’s largest gas-consuming nation. Under the agreements, Conoco would purchase 2 million tons (Mt) of liquefied natural gas annually for a term of…

November 29, 2022
Uniper Sees LNG as Stabilizing Force After Record Losses from Russian Natural Gas Curtailment

Uniper Sees LNG as Stabilizing Force After Record Losses from Russian Natural Gas Curtailment

Germany’s Uniper SE reported record losses from January to September as it was battered by Russia’s curtailment of natural gas volumes, but management said the firm is on a path to stability with LNG as a stepping stone. Uniper, Germany’s largest importer of Russian gas, has been navigating a geopolitical and economic crisis since before…

November 4, 2022
EU Leaders Place Price Caps on Natural Gas, Design New LNG Benchmark

EU Leaders Place Price Caps on Natural Gas, Design New LNG Benchmark

European natural gas prices continued to dip after the 27 European Union (EU) leaders agreed to a “roadmap” of emergency measures, including capping prices on gas sales, to help meet Europe’s energy crisis. Following many hours of negotiations, agreement was reached on several measures, including a proposal for a temporary price limit on gas transactions…

October 24, 2022
Canada Needs to ‘Accelerate’ Away from Natural Gas, Oil Because of Russia, Says Trudeau

Canada Needs to ‘Accelerate’ Away from Natural Gas, Oil Because of Russia, Says Trudeau

In case the message was missed in August, when Chancellor Olaf Scholz returned to Germany without the LNG he had sought, Prime Minister Justin Trudeau said again that Canada is no fossil fuel warehouse for deliveries on demand. At the National Arts Centre in Ottawa this week, Trudeau only gave Scholz a promise to work…

October 24, 2022
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