Germany has signed a memorandum of understanding with its top utilities to ensure the supply of liquefied natural gas (LNG) for the two floating storage and regasification units (FSRUs).
Under the deal with Uniper, RWE and EnBW subsidiary VNG, the country’s first two FSRU-based LNG import terminals in Wilhelmshaven and Brunsbuettel will be fully supplied from their expected operation launch by the end of this year until March 2024.
Germany is making significant headway in weaning itself from Russian fossil fuel imports, and by the end of the year, it might be essentially independent of the country’s coal and oil. Natural gas supply poses the most difficult issue, and it will likely take until mid-2024 for Germany to be able to forgo deliveries from Russia’s Gazprom, which is the majority owner of the Nord Stream 1 pipeline that currently operates at 20% capacity.
Tags: EnBW, FRSU, Germany, LNG, Russian Oil, RWE
Recent Posts
Govt urges sugar industry to diversify into green fuels
Cement sector must innovate to achieve net-zero emissions
India’s ethanol production capacity reaches 1,685 crore liters
Sembcorp bags first solar plus energy storage project in India
Wärtsilä to power world’s largest cement carrier for NovaAlgoma
Ethanol sourcing from sugar mills to be less this season
Centre grants approval for 47 ethanol projects in Bihar
China builds seawater hydrogen production project