Swordsmyth
09-19-2018, 02:23 PM
Many within Germany have also maintained, even vehemently, that Washington’s resistance to the Nord Stream 2 project is purely in its own self-interest since its cancellation would increase EU members’ need for alternative gas supplies, including U.S. LNG imports.
Now, however, German is rethinking its energy security strategy. Uniper, a major German electric utility, said on Monday (https://www.reuters.com/article/uniper-gas-lng/germanys-uniper-says-in-talks-on-wilhelmshaven-lng-terminal-idUSL5N1VY5LD) it’s ready to import LNG into the country and distribute it should a terminal be built at Wilhelmshaven, close to its storage facilities.
Uniper board member Keith Martin said that the company is in talks with a number of parties including those from the U.S. and that more concrete news should be announced before the end of the year.
Martin said the company could build a Floating Regasification and Storage Unit (FSRU) at Wilhelmshaven. A FSRU has several distinct advantages over a land-based LNG import terminal, including being less CAPEX intensive and also having a much shorter construction time. It is also more flexible and can be moved to other locations if needed.
Earlier this month, German firm RWE said it had secured capacity to import LNG at a planned terminal in Brunsbuettel, with a final investment decision (FID) slated for some time next year.
On Tuesday, Germany economic minister Peter Altmaier picked up the theme, stating that the country will chose where to build an LNG terminal by the end of 2018 as a gesture to the U.S. which wants to ship more gas to Europe.
“This is a gesture to our American friends,” Peter Altmaier said of plans to decide on a site for the LNG terminal.
“We have three competing cities and we will take a decision before the end of the year,” he said after meeting Maros Sefcovic, the European Commission vice president and EU energy chief. However, Altmaier pointed out that his remarks were not related to Germany’s support for Nord Stream II.
His comments come just a few months (https://oilprice.com/Energy/Natural-Gas/EU-And-US-Pledge-To-Boost-Natural-Gas-Trade.html) after the EU said it would work to increase imports of U.S. soybeans and LNG to oppose Trump’s tariff threats on EU exports to the U.S.
More at: https://oilprice.com/Energy/Natural-Gas/Germany-Blinks-First-In-Ongoing-European-Gas-War.html
Now, however, German is rethinking its energy security strategy. Uniper, a major German electric utility, said on Monday (https://www.reuters.com/article/uniper-gas-lng/germanys-uniper-says-in-talks-on-wilhelmshaven-lng-terminal-idUSL5N1VY5LD) it’s ready to import LNG into the country and distribute it should a terminal be built at Wilhelmshaven, close to its storage facilities.
Uniper board member Keith Martin said that the company is in talks with a number of parties including those from the U.S. and that more concrete news should be announced before the end of the year.
Martin said the company could build a Floating Regasification and Storage Unit (FSRU) at Wilhelmshaven. A FSRU has several distinct advantages over a land-based LNG import terminal, including being less CAPEX intensive and also having a much shorter construction time. It is also more flexible and can be moved to other locations if needed.
Earlier this month, German firm RWE said it had secured capacity to import LNG at a planned terminal in Brunsbuettel, with a final investment decision (FID) slated for some time next year.
On Tuesday, Germany economic minister Peter Altmaier picked up the theme, stating that the country will chose where to build an LNG terminal by the end of 2018 as a gesture to the U.S. which wants to ship more gas to Europe.
“This is a gesture to our American friends,” Peter Altmaier said of plans to decide on a site for the LNG terminal.
“We have three competing cities and we will take a decision before the end of the year,” he said after meeting Maros Sefcovic, the European Commission vice president and EU energy chief. However, Altmaier pointed out that his remarks were not related to Germany’s support for Nord Stream II.
His comments come just a few months (https://oilprice.com/Energy/Natural-Gas/EU-And-US-Pledge-To-Boost-Natural-Gas-Trade.html) after the EU said it would work to increase imports of U.S. soybeans and LNG to oppose Trump’s tariff threats on EU exports to the U.S.
More at: https://oilprice.com/Energy/Natural-Gas/Germany-Blinks-First-In-Ongoing-European-Gas-War.html