Search posts by:

Search posts by:

Newsletter successfully sent
Failed to send newletter

AlwaysFree: Germany Readies Third LNG Terminal to Replace Russian Gas

Author: SSESSMENTS

  • The Hoegh Gannet unit has arrived at Brunsbuettel near Hamburg
  • ‘We have overcome our dangerous dependence’ on Russia: Habeck

According to Bloomberg article published on January 20, 2023, Germany took delivery of its third floating liquefied natural gas terminal in another step toward boosting fuel imports and replacing Russian supply.

The Hoegh Gannet unit arrived at Brunsbuettel, near Hamburg, and several weeks of commissioning and trial operations will now begin. The first LNG cargo will reach the terminal at the end of this month, German energy company RWE AG said in a statement on Friday.

LNG has become the silver bullet for Germany in its hunt for new gas supplies after Moscow slashed flows. Europe’s largest economy has fast-tracked construction of a string of import terminals, with the first — in Wilhelmshaven — opening in December and the second — in Lubmin — last Saturday.

During testing, the Hoegh Gannet unit will be linked up to a new gas pipeline to send the fuel into the German network by February.

“Brunsbuettel is another important milestone in ensuring security of supply,” Economy Minister Robert Habeck said in a separate statement. “We have overcome our dangerous dependence on Russian gas.”

The government has spent about €9.7 billion ($10.5 billion) to charter five floating units, according to the Economy Ministry. The new terminals should cover about a third of Germany’s gas demand, ministry estimates show.

Tags: All Feedstocks,AlwaysFree,Crude Oil,English,Europe,Germany,Russia and CIS,West Europe

Published on January 23, 2023 10:34 AM (GMT+8)
Last Updated on January 23, 2023 10:34 AM (GMT+8)