“This is a good day for our country and a signal to the whole world that the German economy can continue to be strong,” Scholz said on board a ship.
The methane tankerknown as floating storage and regasification unit (FRSU), was christened “Hoegh Hope”.
The terminal, yeah charged with Nigerian gas that can supply 50,000 homes for a year and supply will begin December 22th.
Germany plans to open another five government-funded LNG terminals in the coming monthsin addition to a private infrastructure, indicated the AFP news agency.
All these terminals together should supply 30 billion cubic meters of gas every year starting next year, what represents a third of the total needs of the country.
Until now, Germany did not have these terminals and 55% of its supply depended on cheap gas sent by pipeline from Russia. But since the invasion of Ukraine, deliveries to Germany fell and Berlin was forced to resort to LNG processed in ports of Belgium, France and the Netherlandspaying a premium for transportation costs.
The government decided to invest to build its own facilities as soon as possible and spent billions of euros to get these storage and regasification units. However, Germany has not yet signed any major contracts long-term to ensure the supply of these terminals as of January.
There is contract with Qatar to supply the Wilhelmshaven terminal, but deliveries are not scheduled until 2026.
Suppliers want long-term contracts, but Germany does not want such agreements, as aims to achieve carbon neutrality by 2045.
Initially the main economy of the European Union (EU) may be forced to buy LNG from spot markets, which will mean higher prices for consumers.
Germany lived a preview of the cold winter so farwhich caused a reduction of reserves faster than expected.
The gas use is currently 13% lower than the previous yearbut the government wants the decrease to reach 20%.
Source: Ambito
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