KazPost

Kazakhstan News
Friday, Jan 27, 2023

Germany To Get Its First Floating Gas Terminal

Germany To Get Its First Floating Gas Terminal

The ship -- a so-called floating storage and regasification unit (FSRU) -- is carrying enough LNG from Nigeria to supply "50,000 households for a year", she said.
Germany is set to receive its first floating gas terminal, officials said Friday, as the country looks to replace Russian supplies it previously received via pipeline.

The "Hoegh Esperanza" will dock at the northern port of Wilhelmshaven in the coming days, loaded with an initial shipment of liquefied natural gas (LNG), a government spokeswoman said Friday.

The ship -- a so-called floating storage and regasification unit (FSRU) -- is carrying enough LNG from Nigeria to supply "50,000 households for a year", she said.

The vessel, currently off the coast of Brittany, France, according to the website Marine Traffic, will stay docked at Wilhelmshaven on Germany's North Sea coast for several years.

The platform that will connect the unit to the onshore gas network was built at breakneck speed in a matter of months and will be inaugurated by Chancellor Olaf Scholz on December 17.

The Wilhelmshaven terminal, which will start pumping gas from December 22, according to the operator Uniper, will allow for the import of gas equivalent to 20 percent of the previous supplies from Russia.

Unlike other European countries, Germany did not already have any terminals for the import of LNG, instead getting the majority of its gas from Russia via undersea and overland pipelines.

Following the Russian invasion of Ukraine, Moscow progressively dwindled gas deliveries to Germany, before cutting them off completely in September.

In order to secure the country's energy supply, officials in Berlin have poured billions of euros into the development of sea terminals for the import of LNG.

In total, the government has announced plans for five such installations. Two private projects are also in the works, including a terminal in northeastern Lubmin which should open in the coming weeks.

But the country has yet to seal a major contract for supply of the replacement fuel. A recent deal with the Qatari state energy company will only come into effect in 2026.

As such, Germany remains exposed to volatile market prices for LNG with a knock-on effect for consumers.
Newsletter

Related Articles

KazPost
Close
0:00
0:00
Tesla reported record profits and record revenues for 2022
Germany confirms it will provide Ukraine with Leopard 2 tanks
Prince Andrew and Virginia Giuffre Photo Is Fake: Ghislaine Maxwell
Moonwalker Buzz Aldrin Gets Married On His 93rd Birthday
Federal Reserve Probes Goldman’s Consumer Business
China's first population drop in six decades
Microsoft is finalising plans to become the latest technology giant to reduce its workforce during a global economic slowdown
Tesla slashes prices globally by as much as 20 percent
1.4 Million Copies Of Prince Harry's Memoir 'Spare' Sold On 1st Day In UK
After Failing To Pay Office Rent, Twitter May Sell User Names
Lisa Marie Presley, singer and daughter of Elvis, dies aged 54
FIFA president questioned by prosecutors
Britain's Sunak breaks silence and admits using private healthcare
Dirty bomb fears as URANIUM is found in cargo at Heathrow
Hype and backlash as Harry's memoir goes on sale. Unnamed royal source says prince 'kidnapped by cult of psychotherapy and Meghan'
Saudi Arabia set to overtake India as fastest-growing major economy this year 
Google and Facebook’s dominance in digital ads challenged by rapid ascent of Amazon and TikTok
FTX fraud investigators are digging deeper into Sam Bankman-Fried's inner circle – and reportedly have ex-engineer Nishad Singh in their sights
TikTok CEO Plans to Meet European Union Regulators
France has banned the online sale of paracetamol until February, citing ongoing supply issues
Japan reportedly to give families 1 million yen per child to move out of Tokyo
Hong Kong property brokerages slash payrolls in choppy market
U.S. Moves to Seize Robinhood Shares, Silvergate Accounts Tied to FTX
Effect of EU sanctions on Moscow is ‘less than zero’ – Belgian MEP
Dubai announces $8.7 trillion economic plan to boost trade, investment and global hub status
Coinbase to Pay $100 Million in Settlement With New York Regulator
FTX assets worth $3.5bn held by Bahamas securities regulator
A Republican congressman-elect is under investigation in New York after he admitted he lied about his education and work experience.
Brazilian football legend Pele, arguably the greatest player ever, has died at the age of 82.
Hong Kong to scrap almost all its Covid rules
EU calls screening of travellers from China unjustified
US imposes Covid testing for visitors from China
Ukraine President Volodymyr Zelenskyy Addresses Joint Session of Congress - FULL SPEECH
Where is Rishi? Chancellor Jeremy Hunt's excuses about the UK's economic challenges just don't make sense
Former FTX CEO Bankman-Fried finally arrested in Bahamas after U.S. files charges
Corruption works: House Financial Services Chair Waters doesn't plan to subpoena her donor, Sam Bankman-Fried, to testify at hearing on FTX collapse
Ronaldo's new contract...
Tax fraud verdict again exposes illusion of Trump the master businessman
Tax fraud verdict again exposes illusion of Trump the master businessman.
Double standards: UK lawmakers attack EU chief over Ireland claims
Yellen hints at ‘national security’ probe into Twitter purchase
Elon Musk reinstates Donald Trump's Twitter account.
George W. Bush and Barack Obama will hold back-to-back disinformation conferences
Miss Argentina and Miss Puerto Rico are not single anymore
Boris Johnson is about to sign a contract with an American company to get millions for giving speeches. Something he did until very recently for free.
Solar + Powerwall ensures you never lose power, even if the grid goes down
Bavarian Prime Minister Söder: "There is no reason for mask obligations, no lockdowns anymore”
MSNBC tries to discuss the January 6th events with a focus group
Europeans don't want to starve and freeze for Zelensky and Ursula von der Leyen.
This man paid for strangers' grocery and it moved them to tears
×