(Reuters) — Germany's Deutsche Energy Terminal said on Friday it has successfully sold all liquefied natural gas regasification slots offered at the liquefied gas terminals of Brunsbuettel and Wilhelmshaven for this year The strong demand for the slots shows how countries affected by the ending of pipeline gas supply from Russia to Central Europe in January are looking for more LNG deliveries and alternative supply routes "Slots were marketed both with and without obligation to deliver for the traders All 50 slots offered were sold," DET said in a statement The bookings show growing interest by traders in using German LNG terminals with Germany becoming a transit hub for onward supplies to Eastern Europe after scrapping of a fee for transporting gas across borders The average price achieved in the December auction was 0.11 euros per million British thermal units (MMBtu) while the February auction average price was 0.30 euros per MMBtu "We are looking ahead as the currently declining storage levels must be replenished in good time during the year," Peter Roettgen DET is a state-owned German company responsible for operating terminals where LNG is imported via ship Wilhelmshaven on Germany's north coast and Brunsbuettel on the Elbe River in northern Germany are floating storage and regasification units that were installed to counter the loss of Russian pipeline supply to Germany in 2022 One of our administrators will review your comment before posting it onto the website (Reuters) — Germany's Deutsche Energy Terminal (DET) has announced short-term auctions for regasification capacity of liquefied natural gas (LNG) at its Wilhelmshaven and Brunsbuettel LNG terminals on Feb Pipeline gas supply from Russia to central Europe ended on Jan 1 so some affected countries are relying on alternative supply routes and more LNG deliveries in the region arriving on ships Traders and utility companies pay close attention to the announcements to be able to secure volumes for their customers in winter when demand runs high and stocks are being drawn down the note said the auctions for obligation to deliver (OTD) slots describing a legal term by which the seller must hand over the gas Auctions for no obligation to deliver (NOTD) another term that excludes fulfilment under certain circumstances The slots include services around the conversion of super-cooled liquid from the ships to gas storage of their regasified volumes and their subsequent feed-in to onshore gas grids DET is a wholly owned subsidiary of the German government, and both terminals are floating storage and regasification units (FSRU) that were installed to counter the loss of Russian pipeline supply to Germany in 2022 There has been a rise in flows of LNG via Germany since the start of the year also helped by the scrapping of a German fee at cross-border points Please enable JS and disable any ad blocker Efforts to expand a sustainable and renewable energy supply system are in full swing as RWE joins forces with partners from the fields of policy There is an increasing focus on battery storage systems hydrogen projects and gas power to cover the transition In the industrial port city of Brunsbüttel two projects with a national ambit are now running in parallel: With input from RWE and other partners Brunsbüttel is becoming a leading German port for the importation of liquefied natural gas (LNG) the system must also be made ready for the prospect of conversion from LNG to hydrogen an ammonia terminal is taking shape at the same location With its direct access to the North Sea and the Baltic and its connection to Europe’s inland waterways Brunsbüttel meets the ideal logistical criteria Brunsbüttel Ports GmbH is offering support for this construction project by making space available in addition to acting as a logistical partner with port infrastructure for discharging tankers A terminal for green energy imports: Soon an annual total of some 300,000 tonnes of green ammonia is expected to arrive in Germany for distribution to customers The terminal is thus at one end of a green import infrastructure with climate-friendly production processes at the other RWE aims to incorporate the entire value chain into this flagship project transportation and then utilisation by industrial customers the plan is to set up a large industrial-scale cracking unit at the terminal to convert the ammonia back into green hydrogen on-site The hydrogen will then be transported to industrial customers via a dedicated H2 pipeline This expansion stage is expected to coincide with an increase in the ammonia volume to two million tonnes per year RWE assumes the investment volume will run to several hundred million euros Ammonia is the second most commonly produced raw material in the chemical industry More than 125 million tonnes are used each year for purposes such as fertiliser manufacture and utilisation in chemical processes Compared to the universal molecular use of hydrogen ammonia offers clear advantages: It is not only easier more efficient and cheaper to store and transport but it can also be converted back into hydrogen via a cracking process That makes ammonia an ideal carrier for importing hydrogen from countries where green electricity can be produced cheaply and in large volumes To ensure the use of ammonia as a hydrogen derivate is climate-neutral the generation plants must run on electricity from renewables as the most competitive and most technologically mature hydrogen derivate Demand for green molecules will grow dramatically in the future in order to achieve climate targets This is where the green ammonia terminal will provide a vital point of contact in facilitating access to green molecules from other parts of the world in addition to in-house hydrogen generation plays a key role in the transition from a fossil-based to a climate-neutral energy supply system Establishing Germany’s first terminal for the import of LNG at Brunsbüttel will provide an important example of the form this transition could take With an annual capacity of eight billion cubic metres the terminal will make a crucial contribution towards security of supply while making Germany less dependent on energy imports from Russia This project is a joint venture between the Kreditanstalt für Wiederaufbau (KfW) The prospect of conversion and compatibility for using the terminal for ammonia must be taken into account right at the construction stage this underlines its intention to focus in particular on the green conversion of the LNG terminal The adjacent ammonia import terminal will thus provide important empirical reference values for the subsequent conversion from LNG to hydrogen BRUNSBUETTEL, Germany, Jan 20 (Reuters) – A floating terminal to import liquefied natural gas (LNG) arrived in the German port of Brunsbuettel on Friday, the third such vessel to start up in recent weeks as Europe’s top economy is rushing to diversify away from former top supplier Russia The Hoegh Gannet vessel arrived at the Brunsbuettel Elbehafen port near Hamburg allowing LNG carriers to land and their cargoes to be regasified in order to feed them into the German gas grid Read Also: Germany Charters FSRUs To Boost LNG Imports To Replace Russian Gas “Floating LNG terminals enable the import of gas and thus strengthen Germany’s security of supply,” said Markus Krebber “The strong energy dependence of our country on Russian pipeline gas will end with the deployment of the special vessels.” The first LNG cargo to be unloaded at the so-called floating storage and regasification unit – coming from Abu Dhabi National Oil ADNOC.UL – is scheduled to arrive at the end of January (Reporting by Fabian Bimmer; Writing by Christoph Steitz; editing by Matthias Williams) Sign up for gCaptain’s newsletter and never miss an update and updates delivered daily straight to your inbox Interior Secretary Doug Burgum has ordered an immediate halt to construction on Equinor’s Empire Wind project off the coast of New York marking a significant development for the U.S... 2025 (Bloomberg) –US President Donald Trump’s administration is planning an executive order to allow the stockpiling of critical metals from the Pacific seabed March 31 (Reuters) – China National Offshore Oil Corporation has discovered an oilfield in the eastern South China Sea with proven reserves exceeding 100 million tonnes a report in China’s official Xinhua news agency said.. Subscribe to gCaptain Daily and stay informed with the latest global maritime and offshore news Stay informed with the latest maritime and offshore news For general inquiries and to contact us,please email: [email protected] To submit a story idea or contact our editors, please email: [email protected] For advertising opportunities contactEmail: [email protected]Phone: +1.805.704.2536. Essential news coupled with the finest maritime content sourced from across the globe. Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world 2022 at 1:26 PM EDTBookmarkSaveLock This article is for subscribers only.The developers of a planned German liquefied natural gas terminal are pushing to fast-track the project as part of efforts to cut dependence on Russian supplies 1 handed over floating liquefied natural gas (LNG) infrastructure at Brunsbuettel on the North Sea to state-owned Deutsche Energy Terminal (DET) as agreed when first imports arrived 10 months ago DET is now the sole operational manager and markets the capacity of the Brunsbuettel Elbehafen LNG project Germany's quest to increase LNG capacity for regasification on its shores has intensified as it seeks to end reliance on Russian pipeline gas on which Europe depended heavily prior to Moscow's invasion of Ukraine last year Germany is using floating storage and regasification terminals (FSRUs) to help to replace piped Russian gas supplies Three FSRUs are working at the Wilhelmshaven Brunsbuettel and Lubmin ports after Germany arranged their charter and onshore connections a port on the Baltic Sea island of Ruegen due to be connected with Lubmin on the mainland are due to add more FSRUs in the winter of 2023/24 Industry and the government are also building up terminal capacity in anticipation of increased use of hydrogen at the sites which when produced using renewable energy can help the transition to a lower carbon economy State-owned DET held auctions for regas capacities in 2024 at Brunsbuettel and Wilhelmshaven 1 in November and Stade and Wilhelmshaven 2 rounds in December MukranPrivate company Deutsche ReGas reported in August that suppliers had booked 4 billion cubic metres (bcm) per annum of capacity for 10 years at Mukran where the company wants to pull together two FSRUs for deliveries to the mainland to complement the Neptune currently active at Lubmin LNG from Mukran is targeted to flow to onshore grids via gas grid company Gascade's new pipeline from the first quarter of 2024 which obtained approval for completion from mining authorities in November The project has triggered local opposition Two legal challenges by environmental groups DUH and Nabu were thrown out by the federal administrative court in September WilhelmshavenUtility Uniper UN01.DE launched Germany's first FSRU operations in December 2022 at the deep-water port on the North Sea LNG/TKUKTree Energy Solutions (TES) plans to operate a second FSRU Uniper plans to add a land-based ammonia reception terminal and cracker in the second half of this decade Ammonia is at times used as a carrier for hydrogen whose low density otherwise makes transportation over long distances complicated TES also has plans to eventually convert its operations to clean gases began receiving LNG at Lubmin on the Baltic Sea early in 2023 The gas is first delivered to another storage vessel and shuttled to Lubmin in a set-up taking account of shallow water ReGas holds long-term supply deals with France's TotalEnergies and trading group MET The government wants the Neptune to move to Mukran on Ruegen island Regas plans hydrogen electrolysis plants at both Lubmin and Mukran BrunsbuettelThe Brunsbuettel FSRU went into operation in April initially chartered and operated by RWE's trading arm before the handover to DET at the start of 2024 It is the forerunner of a land-based LNG facility which has been cleared to receive 40 million euros ($44 million) of state support that could start operations at the end of 2026 when an adjacent ammonia terminal could also start up Gasunie and RWE are stakeholders and Shell has committed to sizeable purchases The total costs of the land-based terminal are 1.3 billion euros StadeThe inland port on the river Elbe a year ago started work on a landing pier for an FSRU moored at Bremerhaven port to be fixed up for the purpose Project firm Hanseatic Energy Hub (HEH) also plans a land-based terminal where it has allocated regasification capacity to become operational in 2027 The allocations include volumes for state-controlled SEFE It has begun sounding out the market to determine whether the longer-term plans should be based largely on ammonia to be reconverted into clean hydrogen It has identified a construction consortium HEH is backed by investment firm Partners Group chemicals company Dow and Spanish grid operator Enagas (Reuters - Reporting by Vera Eckert; Editing by David Evans Incat Hull 096 – the world’s largest battery-electric ship – has been officially launched in Tasmania U.K.-based PD Ports has outlined its plans to develop one of the U.K.’s largest offshore wind manufacturing and installation… Belgium-based offshore installation services company DEME has completed the acquisition Havfram French energy giant TotalEnergies and OQ Exploration and Production (OQEP) we excel in creating stunning illuminated yacht names and logos and cutting-edge LED and fiber optic solutions Maritime Reporter E-News is the maritime industry's largest circulation and most authoritative ENews Service delivered to your Email five times per week RWE will hand over the LNG infrastructure built in Brunsbüttel to the federally owned Deutsche Energy Terminal GmbH (DET) as planned around ten months after the first LNG import flow Liquefied gas delivered by LNG tankers is fed into the German gas grid after being regasified via a Floating Storage and Regasification Unit (FSRU) DET is the authorised operator of the FSRU terminal in Brunsbüttel and is also responsible for its capacity marketing RWE chartered the Hoegh Gannet floating LNG terminal on behalf of the German government after the start of the Russian war of aggression in February 2022 and built the corresponding infrastructure in Brunsbüttel to strengthen Germany's security of supply and reduce its dependence on Russian pipeline gas The Elbehafen project was realised in record time and put into operation by RWE during 2023 liquefied natural gas (LNG) has been imported directly to Germany via Brunsbüttel DET has now taken over the LNG infrastructure and sole operational management in Brunsbüttel (Reuters) — A new LNG terminal at Mukran on Ruegen Island in the German Baltic Sea should be operational from the first quarter of 2024, Gascade, the pipeline firm building its onshore connection Operator Deutsche ReGas last month reported that suppliers have booked 4 billion cubic meters (Bcm) of capacity for 10 years per annum at Mukran where the company wants to pull together two floating storage and reception units (FSRUs) for deliveries to the mainland Germany's quest to increase LNG import capacity has intensified as it seeks to end reliance on Russian pipeline gas after Russia invaded Ukraine last year it is using FSRUs to help replace piped Russian gas supplies Mukran and Stade are due to add more ships for the 2023/24 winter Industry and the government are also building up terminal capacity in anticipation of increased use of hydrogen Deutsche ReGas has sub-chartered a second FSRU from Transgas Power LNG from Mukran is meant to flow to onshore grids via a new pipeline built by Gascade from next winter But two legal challenges by environmental groups DUH and Nabu were thrown out by the federal administrative court last and this week respectively Utility Uniper launched Germany's first FSRU operations last December at the deep-water port on the North Sea It plans to add a land-based an ammonia reception terminal and cracker in the second half of this decade Tree Energy Solutions (TES) will operate a second FSRU from later in 2023 for five years and plans to eventually convert the operations to clean gases began receiving LNG at Lubmin early this year ReGas holds long-term supply deals with France's TotalEnergies and trading group MET The government wants the Neptune to move to Mukran The EU Commission approved a 40-million-euro ($42.81 million) support measure for the land-based LNG terminal at Brunsbuettel on the North Sea citing its contribution to the security and diversification of supply now in receipt of a parcel of approved state support Gasunie and RWE are stakeholders and Shell has committed itself to sizeable purchases The inland port on the river Elbe in January started work on a landing pier for an FSRU Designated vessel Transgas Force is moored at Bremerhaven port to be fixed up for the purpose Project firm Hanseatic Energy Hub (HEH) also plans a land-based terminal where it has allocated regasification capacity that could be operational in 2027 including volumes for state-controlled Sefe and utility EnBW HEH is backed by gas network company Fluxys logistics group Buss and chemicals company Dow which is also a buyer at Wilhelmshaven and Brunsbuettel said it would double annual purchases to 6 Bcm This website is using a security service to protect itself from online attacks The action you just performed triggered the security solution There are several actions that could trigger this block including submitting a certain word or phrase You can email the site owner to let them know you were blocked Please include what you were doing when this page came up and the Cloudflare Ray ID found at the bottom of this page Connecting decision makers to a dynamic network of information Bloomberg quickly and accurately delivers business and financial information Construction work in Brunsbuettel port in Germany.  Photographer: Frank Molter/picture alliance/Getty Images 2022 at 5:33 AM EDTBookmarkSaveLock This article is for subscribers only.The German government struck a deal with energy companies to import liquefied natural gas through two new terminals in an effort to alleviate a supply crunch that’s crippling the economy JV behind the LNG terminal project in Brunsbuettel and construction (EPC) prequalification process this month The company said that potential EPC contractors interested to participate in the project would receive a prequalification package Binding offers will have to be prepared and submitted by pre-qualified bidders between August and October 2019 The winning bidders will be announced during the first quarter of 2020 followed by the release of a notice to proceed to begin scheduled early activities a joint venture of Dutch companies Vopak and Gasunie as well as German company Oiltanking and independently operate a combined import and distribution LNG terminal in Brunsbuettel Germany The business model of the terminal is characterized by the provision of multi-purpose services as well as open access to terminal capacity The terminal in Brunsbuettel will be located near the North Sea along the Elbe river and close to the Kiel Canal and will have easy access to markets in northwest Europe which has LNG bunker potential and the ChemCoast Park that includes industrial customers with high energy needs It is worth noting that the German federal government supports the construction of such a terminal as it contributes to gas supply diversification and provides efficient supply chains for LNG as an alternative fuel Daily news and in-depth stories in your inbox Ingersoll Rand Engineering Project Solutions At Ingersoll Rand’s Engineering Project Solutions we have been managing and implementing engineered to-order air packages for complex technical requirements for over 60 years We provide specialized custom compressed air and gas compressors as well as nitrogen generation packages to international EPC contractors and engineering companies across a range of […] the floating liquefied natural gas terminal “Hoegh Gannet” arrived at Brunsbüttel’s Elbehafen port near Hamburg liquid gas from LNG carriers can be regasified and then fed into the German gas network via this Floating Storage and Regasification Unit (FSRU) The entire project was implemented in record time RWE has forged ahead on behalf of the German government to implement the project together with its partners Höegh LNG the planning and approval phases were already at a stage at which construction works could be started In addition to the participating companies RWE CEO Markus Krebber: “Floating LNG terminals enable the import of gas and thus strengthen Germany’s security of supply The strong energy dependence of our country on Russian pipeline gas will end with the deployment of the special vessels The high speed at which the project in Brunsbüttel was jointly driven forward by all involved parties sets standards for the further modernisation of our energy supply This will also be necessary to ensure that Germany as an industrial location becomes climate-neutral as soon as possible.” Höegh LNG President & CEO Erik Nyheim: “Höegh LNG is honored to be a partner to the Brunsbüttel LNG import terminal project a project which aligns with our belief that floating LNG infrastructure is the key to solving the current energy crisis we are dedicated to collaborating with RWE and the other partners to successfully commission and operate the floating storage and regasification unit Hoegh Gannet.” Marine Service GmbH Chairman Christian Krämer: “We as a consultancy company specialised in LNG are pleased that we were able to contribute to the opening of the floating LNG terminal in the Elbehafen in Brunsbüttel in such a short time This makes a significant contribution to securing Germany’s energy supply and making it more independent for the future.” Reganosa CEO Emilio Bruquetas: “We are very proud to be able to contribute our knowledge and experience to this project which requires us to be both agile and reliable We are pleased to collaborate with RWE and the other partners in this challenge of increasing Germany’s energy autonomy We are used to working in collaborative ecosystems; cooperation is key to providing Europe with security of supply especially in the current turbulent scenario.” Brunsbüttel Ports GmbH Managing Director Frank Schnabel: “Ten years of preparatory work now culminate in the implementation of this project As the owner and operator of Brunsbüttel’s Elbehafen we are delighted to welcome the FSRU in our port today the port and industrial site of Brunsbüttel is not only a universal freight hub but also an important energy hub for the entire Federal Republic With the establishment of a versatile and independent energy import infrastructure for LNG and green energy sources this Brunsbüttel now has a key role to play in Germany’s future security of supply.” a several-week phase of commissioning and trial operations will now begin during which the vessel will leave its pier again temporarily The trial operations will include connection to the newly built gas pipeline so that first gas volumes can be fed into the German gas network from the beginning of February The gas volume will increase continuously as further technical components from the new technical infrastructure and warm water supply installed in the past few months are added The special vessel will initially operate at an existing berth in the Elbehafen of Brunsbüttel Ports GmbH the FSRU will be moved to a new jetty to the west of the Elbehafen This new jetty will be built and operated by Brunsbüttel Ports International specialist company Reganosa will take over the operation and maintenance of the new land-based infrastructure Owner Höegh LNG will operate the vessel Marine Service GmbH supports the project with technical know-how as a development partner for the terminal design The heat required for the regasification process on the FSRU will be provided by Covestro Industriepark Brunsbüttel in the form of warm process water For this purpose Covestro very quickly laid a new warm water pipeline to the Brunsbüttel Elbehafen port RWE is responsible for filling the FSRU with liquefied natural gas the first LNG cargo will arrive at Brunsbüttel at the end of January 2023 and be unloaded into the FRSU The cargo from ADNOC (Abu Dhabi National Oil Company) will be shipped from the island of Das also for future imports of green molecules RWE wants to build an import terminal for green ammonia which – as a liquefied hydrogen derivative – can make an important contribution towards supplying Germany with green hydrogen around 300,000 tonnes of green ammonia is to be imported and distributed to customers annually via the terminal German LNG Terminal GmbH plans to build and operate a multi-functional LNG terminal very close by.  RWE supports a subsequent conversion of the terminal to the import of green molecules A worker stands next to stored pipelines for an upcoming pipeline near Brunsbuettel The new terminal is one of several under construction along the North Sea and Baltic Sea coasts so that Germany can import liquified natural gas by ship The shift away from a carbon-based economy risks stranding a large number of assets particularly in sectors with high financial market exposure The nonprofit financial think tank, the Carbon Tracker Initiative is tracking the assets most likely to be impacted founder and executive chair of Carbon Tracker explains that many companies risk having assets stranded both financially and physically because of the pressure that climate change is putting on the market to evolve CAMPANALE: We know that there are around 300 gigatons or thereabouts of the “carbon budget” left which is how much carbon dioxide we can put in the atmosphere before we go above 1.5 degrees above pre-industrial levels we’re basically saying we’re going to keep unabated CO2 emissions below 300 gigatons But there are currently about 3,600 gigatons of CO2 in the world’s known coal Glencore and so on have about 1,060 gigatons of CO2 in their reserves So there’s about 10 times more fossil fuel reserves than we can burn if we stick to no more than 1.5 degrees So these companies are all trying to compete for the remaining share of the 300 gigatons But the vast majority of the fossil fuel reserves of these companies — as much as 90% — will likely have to remain in the ground That’s the core problem of stranded assets Despite this, investors are raising capital all the time for the oil and gas sector. The biggest IPO in the London market, and one of the top five in Europe, for the whole of 2022 When we did the first report in 2011 on stranded assets we found that public markets had 700 gigatons The amount of fossil fuels that have been financed has grown over the decade Hundreds of billions of dollars are being raised through the banking system and private markets to fund more fossil fuel expansion when we can’t burn even what these companies already own That’s essentially the case for the physical stranding Stranded Asset Exposure by Financial Center  Stranded asset exposure by financial centre shown as upstream oil & gas capex by financial centre There’s also the risk of financial stranding which is that these companies will never generate the financial return that the investors are expecting because as policy cuts in and technology change cuts in — for example the switch from the petrol-driven car to the electric car — demand will fall companies won’t generate the return that they’d expect say a gas-fired power station or a gas pipeline with a 30-year life when actually it only turns out to have a 10-year life its investors will be financially stranded but it won’t generate the financial return that the investors thought they were going to get when they first financed it A good example is where regulators or policymakers decide that renewable energy should get onto the grid first We’ve seen super efficient gas-fired power stations that have been built and been mothballed almost as soon as they’ve been built because they’re not getting their power onto the grid renewable energy has been so much cheaper than gas this last year Renewables are getting onto the grid because they’re just cheaper BRINK: Presumably oil and gas companies do scenario-planning around this issue they do but what they’re basically saying is that demand for fossil fuels is a societal need We want to publish how much carbon dioxide is actually in the reserves that they own. There should be a regulatory requirement for listed companies to disclose how much CO2 is in their reserves and their resources. If you look up FossilFuelRegistry.org we publish all the world’s reserves that we know about Put this in the public domain.” They’ve said “We completely support the goals of transparency We don’t want to disclose the CO2 in our reserves we won’t.” That’s almost to the word One of the senior executives in one of these trade bodies said to me except not about the stuff that counts.” Mark is the founder of the Carbon Tracker Initiative a nonprofit think tank best known for its work on “stranded assets” and the “carbon bubble.” Mark is a member of the advisory board of GFANZ Carbon Tracker won Environmental Finance’s award for “best NGO of the Year.” 2018 at 10:25 AM EDTUpdated on October 23 2018 at 10:03 AM EDTBookmarkSaveLock This article is for subscribers only.Downstream from Hamburg two small ports on the Elbe River are competing to build Germany’s first liquefied natural gas import terminal and help shake up Europe’s biggest gas market The partnership between RWE and the Abu Dhabi National Oil Company (ADNOC) for the supply of Liquefied Natural Gas (LNG) is becoming visible with the arrival of the “Ish” as the first LNG cargo at the Brunsbuettel Elbehafen port the LNG will be regasified and fed into the German gas grid via the Floating Storage and Regasification Unit (FSRU) “Hoegh Gannet” which was chartered by RWE on behalf of the German government 137,000 cubic metres of LNG were shipped by ADNOC from Das Island This corresponds to more than 82 million cubic metres of regasified natural gas and to approximately 900 million kilowatt hours of energy The LNG is to be fed into the grid from the end of February as part of the commissioning phase of the FSRU RWE and ADNOC already signed a memorandum of understanding (MoU) last year on several years of LNG supplies to be delivered to Germany from 2023 LNG supplies from ADNOC can be delivered to Germany through either floating or land-based regasification terminals as these become operational CEO of RWE Supply & Trading says: “After the arrival of the floating terminal in mid-January the first LNG delivery from Abu Dhabi is the next important step The development of the LNG supply infrastructure in Germany continues to make rapid progress RWE provides support wherever we are needed I am pleased that we have ADNOC as a strong partner at our side and that we are working together to make Germany's energy supply as secure as possible." Acting CEO of ADNOC Gas says: “The successful delivery of the Middle East’s first LNG cargo to Germany demonstrates how the UAE is continuing to work closely with our strategic partners in responsibly providing secure The global demand for energy is increasing and as we build on the strong economic energy security and climate action ties between our two nations ADNOC Gas stands ready to provide further shipments of this key transition fuel to our partner 2017 at 12:00 AM ESTUpdated on November 27 2017 at 4:42 AM ESTBookmarkSaveLock This article is for subscribers only.The old trading city of Hamburg in northwest Germany will soon become the center for a drive in Europe’s biggest economy to diversify natural gas imports Three partners are forging plans to build a terminal for liquefied natural gas on the shores of the River Elbe, not far from an old nuclear reactor that’s fallen victim to the nation’s atomic exit the LNG import facility would be Germany’s first and a tool to supplement pipeline supply from Russia and Norway the KfW (on behalf of the German Federal Government) Gasunie (100% owned by the Dutch state) and RWE signed a Memorandum of Understanding (MoU) on a joint project to build a terminal for the import of liquefied natural gas (LNG) at Brunsbüttel The KfW will acquire 50% of the shares in the LNG terminal for the Federal Government Gasunie will operate the facility.  The terminal will have an annual regasification capacity of 8 billion m3 and provide a possibility to import gas directly to the German market from regions which cannot be reached by gas pipelines the project will improve Germany’s energy security and help north-western Europe to become less dependent on imports of gas through pipelines The partners in the project are working to realise the venture as quickly as possible whilst complying with all the rules governing authorisations and State aid the intention will be to refit the terminal so that it can process green hydrogen derivatives like ammonia.  Minister Robert Habeck welcomes the project: “It is absolutely clear that we need to make our energy supply climate-neutral to rigorously cut our gas consumption and to press ahead with the expansion of renewables and the production of hydrogen But we will need gas during the transition Here, we need to reduce our dependence on imports from Russia as quickly as possible; Russia’s war of aggression against Ukraine is now making this imperative An LNG terminal in Brunsbüttel will increase the possibilities to import gas to Germany LNG terminals could be described as an extra by-pass for this They help us to boost energy security in Germany and Europe. At the same time our plans are factoring in the switch to green hydrogen and its derivatives from the very outset of the project This also goes for the construction of hydrogen infrastructure we are setting the course for climate neutrality and shaping the transition.”  is making an important contribution towards Europe’s gas security by building an LNG terminal in Brunsbüttel. This is a good step towards reducing dependence on imports of gas from Russia" Click here for the press release of the Federal Ministry for Economic Affairs and Climate Protection To develop green hydrogen possibilities via the planned LNG terminal in Brunsbüttel: RWE and German LNG Terminal the joint venture developing Germany’s first LNG terminal have agreed to jointly explore the opportunities of this climate friendly fuel.  Both companies have therefore signed an agreement manifested in form of a Memorandum of Understanding to promote the use of hydrogen produced from renewable sources both companies had already signed a long-term agreement for a considerable part of the planned terminal’s LNG import capacity Managing Director of German LNG Terminal GmbH emphasizes: “RWE’s interest in jointly exploring the import of hydrogen in Brunsbüttel proves the strategic importance of the site and the project Hydrogen produced from renewable energy sources is in line with Germany’s goal to become climate-neutral by 2050.” Domestic production will not be able to meet the anticipated future demand posing the need for import of the climate friendly fuel LNG import terminals like Brunsbüttel can be combined with entry points for (liquid) hydrogen produced in other regions of the world where wind and solar energy are available at larger scale and lower cost than in Germany Existing gas pipelines connected to the LNG terminal are perfectly fit to distribute hydrogen locally Global Head of LNG at RWE Supply & Trading GmbH It can provide Germany with clean and affordable energy today and at the same time contribute to reducing emissions in the maritime and road transport sector as an alternative fuel At the same time we want to make sure we are prepared for the next technological advancement In the future hydrogen will play a key role as a climate-neutral fuel in the energy mix We are prepared for this next step with the new agreement Therefore we are happy to support German LNG Terminals’s initiative in this field.” Currently the parties are in the final phase of negotiating fully binding legal contracts for LNG imports RWE and German LNG expect this process to be finalised by the end of 2020 putting German LNG in a position to reach a positive investment decision shortly thereafter With gas reservoirs depleting from the U.K Germany is becoming increasingly reliant on Russia for its energy needs at a time when political tensions are mounting with Vladimir Putin’s government in Moscow Floating terminal off the North Sea coast of Lower Saxony is meant to help fill the gap in Germany's gas supply caused by lack of deliveries from Russia In the presence of the Registrar Olaf Scholz was inaugurated today at Wilhelmshaven the first German terminal for the import of liquefied natural gas (LNG) The Minister of Economy also took part in the ceremony Robert Habeckthat of Finance Christian Lindner and the Prime Minister of Lower Saxony The floating terminal off the North Sea coast of Lower Saxony is intended to help fill the gap in Germany's gas supply caused by a lack of deliveries from Russia four more terminals will be built in Brunsbuettel (Schleswig-Holstein) Stade (Lower Saxony) and Lubmin (Mecklenburg-Western Pomerania) the four plants together can absorb a third of the volume of natural gas needed to supply Germany Scholz greenlit construction of the Wilhelmshaven and Brunsbuettel terminals on Feb three days after the Russian invasion of Ukraine began In an interview with the "Sueddeutsche Zeitung" Scholz then stated that next year he will continue the construction of further LNG terminals and hopes for further supply contracts “The federal government is in constant contact with gas importers and also promotes the conclusion of long-term contracts,” he said the Gulf region and the Netherlands will also secure Germany's supply in winter 2023/24 The Wilhelmshaven plant is operated by gas importer Uniper a new 26 km long gas connection pipeline and a new pier were built for the terminal The technical heart of the structure is the special ship "Hoeegh Esperanza" which moored at the pier on Thursday loaded with LNG it will convert the liquefied natural gas supplied by the tankers to a gaseous state and feed it into the German gas grid This should happen for the first time next week Europe is scrambling to reduce its dependence on Russia for energy and bracing for potential disruption to critical natural gas supplies as Russia’s war in Ukraine sends prices to new highs Natural gas prices hit a record on Thursday for a second day in a row as restrictions on oil and gas were increasingly treated as a possibility on the eighth day of the war – whether through Western sanctions or Russian retaliation That could mean even more pain to people’s wallets: Energy prices have been high for months because of low supplies driving up the cost of everything from utility bills to groceries as businesses pass along their costs to customers Traders were “factoring in the rising probability of sanctions on gas for each day the offensive continues,” said Kaushal Ramesh Natural gas prices settled at US$4.76 per 1,000 cubic feet on Wednesday The price of gas is 10 times what it was at the start of 2021 But it continues to flow through the major pipelines from Russia to Europe To prepare for any cut-offs as the war intensifies and to reduce Russian reliance countries are rounding up new supplies of liquefied natural gas They’re also speeding up plans for gas import terminals and pipelines that don’t depend on Russia and talking about allowing coal-fired power plants to keep spewing climate-changing emissions for longer Yet many of the measures will take months or in the case of new pipelines and terminals The long-term answer is rapidly building out renewable sources such as wind and solar and supply industries like fertiliser producers which gets almost 40 per cent of its gas from Russia is in a different situation than the United States European Union Energy Commissioner Kadri Simson says Europe “has the tools” to handle any Russian retaliation this winter while conceding a total cut-off “would Germany is spending €1.5 billion (US$1.66 billion) to buy more LNG Chancellor Olaf Scholz on Sunday proposed building two LNG import terminals days after blocking the already-completed Nord Stream 2 gas pipeline from Russia to Europe European Union countries are working on setting up a strategic gas reserve and establishing storage requirements Officials are urging countries to sign agreements to share gas in emergencies The EU’s executive commission is set to unveil steps next week that governments can take The Paris-based International Energy Agency said on Thursday that Russian gas imports could be cut by one-third this year through steps including letting existing gas contracts with Russia expire finding new supplies from partners such as Norway and Azerbaijan maximising use of remaining nuclear plants and offering cash support for vulnerable electricity customers Denmark has given the go-ahead for construction of a pipeline to bring Norwegian gas – another major source for Europe – to Poland “We are really busy catching up with the lost months,” Søren Juul Larsen “We have agreed with our contractors that they will deploy more machines and people for the task so that we can set the pace and be finished as soon as possible.” Energinet plans for the Baltic Pipe to partially launch October 1 and be fully operational on January 1 with capacity of up to 10 billion cubic metres of gas a year Weaning Europe completely off Russian gas by next winter’s heating season – if that becomes necessary – would be possible but painful involving extra costs and possibly forced conservation according to analysts at the Bruegel research institute in Brussels Given that record LNG shipments are already coming from places like the US a total loss of Russian gas would leave Europe 10 per cent to 15 per cent short and facing potentially painful steps to reduce gas use “If the EU is forced or willing to bear the cost it should be possible to replace Russian gas already for next winter without economic activity being devastated people freezing or electricity supply being disrupted,” they said wide-ranging Western sanctions have spared gas and oil even as they targeted Russian banks and their ability to interact with Western financial systems Specific exemptions were included for energy transactions Officials say they’re trying to avoid hurting their own economies and consumers as they inflict pain in Russia But sanctions are indirectly hitting oil from Russia 3 oil producer that sells 25 per cent of Europe’s supply Some oil buyers in recent days have shunned Russian crude fearing that if sanctions were applied to Russian energy their purchased oil could be rendered unusable “Cargoes have already been rejected by European refiners in the market because people are afraid sanctions might be coming and so they don’t want to be caught with some cargo they can’t resell,” said Amy Myers Jaffe research professor and managing director of the Climate Policy Lab at Tufts University An energy cut-off imposed by Russia was long regarded as unlikely – particularly with gas — because it would cost Russia its biggest customers in Europe and some US$300 million in revenue a day Russian officials have underlined that they have no intention of cutting off oil and gas and have stressed their role as reliable suppliers Yet the conundrum remains: As Western countries cut off Russian banks Europe continues to support Russia’s government – and military – through energy purchases The US is “very open” to sanctioning Russia’s energy and gas industry but is measuring that against potential costs to Americans White House press secretary Jen Psaki said but we need to weigh what all of the impacts will be,” she said on Wednesday on MSNBC “We’re not trying to hurt ourselves We’re trying to hurt President Putin and the Russian economy.” While Europe is vulnerable in the short term before it can build out renewables it’s Russia that would lose long term from an embargo or cut-off lead to a slump of 2.9 per cent in Russian economic output and a 0.1 per cent gain for Germany said trade expert Hendrik Mahlkow of the Kiel Institute for the World Economy Any Russian threat to halt supplies “would not be very credible,” Mahlkow said View the discussion thread.