German LNG projects are taking shape, but does the market need them?

Germany currently imports over 80 Bcm/year of natural gas, or nearly one quarter of total European imports, primarily from Russia, Norway and the Netherlands. Now, the country is looking to add to its import options, by launching at least two LNG import terminals in Northern Germany by the mid-2020s. It’s a plan that has been around since the 1970s, but that has recently gained firmer political and commercial support. Industry participants are now watching the developments with interest. Two final investment decisions are expected by the end of the year, on the Brunsbuettel terminal and Wilhelmshaven floating storage and regasification unit (FSRU). These are at about the same stage of development, but the choice of strategic partnerships differs, with Brunsbuettel backed largely by European companies, and the FSRU project having attracted a more global cohort of investors.     Qatar Petroleum was reportedly said to be interested in the FSRU ownership and/or capacity. The company has previously partnered with ExxonMobil in the Qatar liquefaction projects, the US Golden Pass export terminal, and in the Italian Adriatic LNG and UK South Hook regasification terminals. “Qatar already has the QGII terminal in South Hook so having another outlet for its gas in… continue reading

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Source: CTRM Center

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