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2018-09-19 13:55:00

GERMANY'S GAS MARKET IS OPEN

GERMANY'S GAS MARKET IS OPEN

REUTERS - Germany's gas market is open to all market participants, a government spokeswoman said on Monday after a newspaper reported that U.S. firms expect to start delivering liquefied natural gas (LNG) to Germany in four years at the latest.

Deputy U.S. Energy Secretary Dan Brouillette told Bild that LNG deliveries from U.S. companies would challenge Russia, which now accounts for 60 percent of German gas imports.

"U.S. liquefied natural gas is coming to Germany. The question is not if, but when," Brouillette told the mass circulation daily Bild in an interview published on Monday.

Responding to the report, German government spokeswoman Martina Fietz told reporters in Berlin: "The German gas market is basically open to all market participants."

She added that it was up to the traders and distributors who are active on the German gas market to decide on specific supply relationships.

U.S. President Donald Trump in July accused Germany of being a "captive" of Russia due to its energy reliance and urged it to halt work on the $11 billion, Russian-led Nord Stream 2 gas pipeline that is to be built in the Baltic Sea.

Germany rejects this charge and says it is open to diversifying its energy sources, but says sales will ultimately be determined on economic grounds.

Brouilette, who acknowledged U.S. LNG would cost more, said the entry of U.S. suppliers onto the German market would effectively set a price ceiling for Gazprom, the Russian state energy company that leads the Nord Stream 2 consortium, and other suppliers.

"Because U.S. LNG is here, Gazprom cannot demand whatever it wants," Brouillette, who met with German business executives in Berlin last week, told the newspaper.

U.S. Ambassador Richard Grenell told the newspaper that Chancellor Angela Merkel had assured Trump personally that Germany wanted to purchase U.S. LNG supplies.

The debate about German LNG imports has flared up in recent weeks as operators and the government have shown an interest in diversifying away from pipeline gas arriving from Russia, Norway and the Netherlands.

Qatar has also expressed interest in selling LNG to Germany.

German firms are considering building an LNG terminal in Germany, as gas demand rises in Europe and the Netherlands, one of Germany's crucial suppliers which is winding down its giant Groningen field and plans to close it in 2030.

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Earlier: 

 GERMANY - QATAR LNG COOPERATION
2018, September, 10, 12:40:00

GERMANY - QATAR LNG COOPERATION

PLATTS - German Chancellor Angela Merkel said there is significant potential for energy cooperation with Qatar, after the Middle Eastern LNG giant's Emir Sheikh Tamim bin Hamad Al-Thani announced plans to invest Eur10 billion ($11.5 billion) in the German economy over the next five years.

 RUSSIAN GAS FOR EUROPE UP
2018, August, 31, 11:25:00

RUSSIAN GAS FOR EUROPE UP

PLATTS - Russian gas supplies to Europe and Turkey rebounded in August, according to data released by gas giant Gazprom, after a dip the previous month during the planned outage of the main Nord Stream gas pipeline to Germany.

 GERMANY VS U.S. SANCTIONS
2018, August, 13, 13:55:00

GERMANY VS U.S. SANCTIONS

REUTERS - “This trade war is slowing down and destroying economic growth - and it creates new uncertainties,” Altmaier told Bild am Sonntag newspaper, adding that consumers suffered the most because higher tariffs were driving up prices.

 U.S. WANTS GERMANY'S MONEY
2018, July, 12, 10:40:00

U.S. WANTS GERMANY'S MONEY

REUTERS - The Republican president, in Brussels for the NATO summit, took a swipe at Germany for supporting a new pipeline for Russian gas, saying at a pre-summit meeting: “We’re supposed to be guarding against Russia and Germany goes out and pays billions and billions of dollars a year to Russia.”

 GERMANY'S GDP UP BY 2.5%
2018, July, 6, 11:10:00

GERMANY'S GDP UP BY 2.5%

IMF - Germany’s economic performance was strong in 2017, underpinned by solid domestic demand and a rebound in exports in the second half of the year. Despite a slowdown in public consumption due to the stabilization of refugee-related expenditures, real GDP grew by 2.5 percent.

 NORD STREAM-2: NO SANCTIONS
2018, July, 2, 11:55:00

NORD STREAM-2: NO SANCTIONS

REUTERS - Germany has been assured by the United States that any sanctions imposed on Russia will not affect the building of a gas pipeline to bring Russian gas to Europe, a spokeswoman for the German economy ministry said on Friday.

 ГАЗПРОМ ДЛЯ ГЕРМАНИИ: +13%
2018, June, 22, 13:15:00

GAZPROM FOR GERMANY: +13%

GAZPROM - The meeting highlighted that Germany continued to ramp up its imports of Russian gas. According to preliminary data, from January 1 through June 19, 2018, Gazprom supplied Germany with 28.2 billion cubic meters of gas, an increase of 13.1 per cent from the same period of 2017.

Tags: GERMANY, GAS, RUSSIA, USA, LNG