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Conceptual design for
German LNG Terminal.

Germany reaches deal on

LNG import terminal

GERMANY GERMANY has shored up plans for what contribution to the European security of supply,”
could be its first LNG import terminal, with its German Finance Minister Sigrid Kaag said in a
Germany is making state-owned investment group KfW signing a statement. “A good step in reducing dependence
huge changes to its memorandum on March 4 with Dutch gas grid on gas imports from Russia.”
energy mix. operator Gasunie and German energy group German Climate Minister Robert Habeck,
RWE on the project. though a Greens Party member in the country’s
Germany’s government recently ordered coalition government, also praised the project,
certification of Russia’s Nord Stream 2 gas even though his party has previously criticised
pipeline to be halted in light of Russia’s German plans to import more LNG.
actions in Ukraine. In its stead, that project is “With the LNG terminal in Brunsbuettel, we
expected to be replaced by two LNG import are responding to the latest geopolitical develop-
terminals – one in Brunsbuettel and one in ments,” he said. “We must reduce dependence
Wilhelmshaven. on Russian gas. LNG terminals help to increase
Gasunie said it expected to break ground security of supply in Germany and Europe.”
later this year on the Brunsbuettel facility, which At a later stage the terminal could also be con-
will have a regasification capacity of 8bn cubic verted to receive green hydrogen itself, meaning
metres per year. The Dutch firm will operate the it can serve a role in Germany’s longer-term
plant, but KfW will acquire a 50% stake and pro- energy transition strategy.
vide it with financing on behalf of the German Gasunie originally teamed up with another
government. Dutch company Vopak and Germany’s Oil-
Germany was formerly comfortable with its tanking to develop the Brunsbuettel facility. But
relatively high dependence on Russian energy, Vopak said it was withdrawing from the project
but under new Chancellor Olaf Scholz its posi- in November last year, and Oiltanking has not
tion has radically altered. confirmed its continued commitment. A final
“With the construction of the LNG terminal investment decision (FID) on the project is yet
in Brunsbuettel, Gasunie is making an important to be announced. ™

P10 www. NEWSBASE .com Week 10 10•March•2022