Germany’s government is moving to site another floating storage and regasification unit (FSRU) as the volume of U.S. natural gas entering the country reaches new heights. In a recently approved bill, Germany’s Federal Ministry for Economic Affairs and Climate Action amended plans to ramp up short-term LNG import capacity by including an FSRU terminal at…
Germany
Articles from Germany
G-7 Leaders Back ‘Important Role’ of Natural Gas in Confronting Energy Challenges
Heads of state from the Group of Seven (G7) economically advanced nations emphasized the need to “accelerate the phase out of our dependency on Russian energy” in a statement this weekend at the conclusion of a summit held in Hiroshima, Japan. Stressing “the global impact of Russia’s war on energy supplies, gas prices and inflation,…
Lower Natural Gas Prices Ease Burden of Replacing Russian Supplies for Germany’s Uniper
Uniper SE recorded no losses in the first quarter related to replacing natural gas supplies that were cut off by Russia last year, and the company expects a “strong earnings recovery” after being bailed out by the German government in 2022. The steep decline in global gas prices since last year has eased the costs…
Europe’s LNG Infrastructure Buildout Seen Colliding With Climate Goals
The European Union’s (EU) plans to significantly increase LNG import capacity continues to draw mixed opinions and raise concerns over whether the expansion would conflict with decarbonization targets and aspirations to dramatically boost renewable energy supplies this decade. To bring in enough LNG to gain independence from Russian natural gas, the EU aims to increase…
Russia Seizes Assets of Largest Former Natural Gas Customers in Reaction to Western Sanctions
Germany’s Uniper SE and Finland’s Fortum Ojy disclosed Russia has seized their subsidiaries in the country and placed them under federal control. President Vladimir Putin signed an executive decree Tuesday allowing Russia’s state property management agency to control Uniper’s Unipro and Fortum’s PAO Fortum. Both companies operate power plants in Russia and are majority owned…
Germany Said Still at Risk for Natural Gas Supply Shortfalls Next Winter
Germany’s group of storage operators is warning that natural gas supplies could be significantly drained or emptied next winter if the country doesn’t experience another mild heating season. Despite ending winter with above average storage, moderate winter temperatures between next October to May 2024 could “heavily” deplete Germany’s supplies, researchers with the German Gas Storage…
Excelerate Remains ‘Agnostic’ in Global Search for More LNG Contracts, Says CEO
Excelerate Energy Inc. is looking for more opportunities to grow its nascent LNG portfolio, but not only with U.S. projects, as it expands its role as a global natural gas supplier. CEO Steven Kobos said during a fourth quarter earnings call that the company, headquartered in The Woodlands near Houston, had pivoted its “near-term commercial…
Uniper Endures Steep 2022 Losses to Replace Russian Natural Gas, Forecasts Impacts to Continue
Uniper SE said it expects the financial blows it took last year to replace Russian natural gas with costlier spot supplies to impact operations until the end of 2024, at which point it’s unlikely to require equity injections and credit from the German government. Germany’s largest gas buyer was bailed out by the government last…
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…
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.