Germany set to have at least 2 LNG terminals: minister

12 Feb, 2019

As Germany phases out nuclear power and coal, it is increasingly turning to gas to compliment renewable energy sources. It is under pressure, especially from the United States, to cut its dependence on Russian gas and buy in LNG.

Altmaier told a meeting with German and US energy officials and industry lobbyists that Germany was weighing up the extent of state subsidies and regulations before private investors build the terminals needed for LNG imports.

Of three sites under consideration - Brunsbuettel, Stade and Wilhelmshaven - Altmaier was confident terminals would be built at two in the foreseeable future.

"All three projects are (being) carefully considered and examined," he said. "I am quite optimistic that at least two of the terminals will be realised within a very foreseeable period of time."

Altmaier made clear that the question of LNG was a separate issue to Nord Stream 2 pipeline, backed by Germany, which will bring Russian gas to Europe under the Baltic Sea, bypassing Ukrainian pipelines.

Ukraine is concerned that the 1,225 km (760 mile) pipeline will lead to a dramatic loss in transport revenues but Germany is trying to reassure Kiev that gas will still be transported from Russia through Ukraine's existing pipeline.

"The intention is to come as soon as possible ... to a new agreement between Russia and Ukraine," he said.

Copyright Reuters, 2019

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