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2018-09-21 10:00:00

GERMANY'S LNG TERMINAL

GERMANY'S LNG TERMINAL

REUTERSGermany will chose where to build a liquefied natural gas (LNG) terminal by the end of 2018 as a gesture to the United States which wants to ship more gas to Europe, the economy minister said on Tuesday.

In a bid to deter U.S. President Donald Trump from imposing hefty new trade tariffs on European Union goods, the EU said in July it would work to increase imports of U.S. soybeans and LNG.

Trump wants U.S. LNG to compete with Russian natural gas exports in Europe. He has accused Germany of being a "captive" to Moscow because of its heavy reliance on Russian gas and has called for Berlin to drop support for the $11 billion Nord Stream 2 pipeline plan to pump more gas from Russia to Germany.

"This is a gesture to our American friends," Peter Altmaier said of plans to decide on a site for the LNG terminal.

"We have three competing cities and we will take a decision before the end of the year," he said after meeting Maros Sefcovic, the European Commission vice president and EU energy chief.

But Altmaier said the LNG plan was not related to Germany's support for Nord Stream 2, which he told reporters was "a project that has a long life already and much money has been invested."

At talks in Brussels, Altmaier and Sefcovic discussed the future of gas transit via Ukraine, the traditional route for Russian gas supplies that make up more than a third of EU needs.

Critics of the Nord Stream 2 pipeline say it will deprive Ukraine of lucrative gas transit fees and increase dominance of Russian gas monopoly Gazprom.

Altmaier repeated Germany's request for Moscow to continue to send "substantial" supplies via Ukraine after their contract expires in 2019 but did not put a figure on volumes.

Sefcovic said volumes had to be substantial enough to pay for maintenance of Ukraine's gas pipeline infrastructure.

He also said the United States had to do more to make its gas exports competitive on European markets.

German firms are considering building an LNG terminal 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.

German utility Uniper said on Monday it was ready to import LNG and distribute it should a terminal be built at Wilhelmshaven, close to its storage facilities.

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Earlier: 

 W.Europe
2018, September, 19, 13:55:00

GERMANY'S GAS MARKET IS OPEN

REUTERS - “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.

 

 W.Europe
2018, September, 17, 15:05:00

NORD STREAM 2 FOR EUROPE

PLATTS - Moscow also hopes to have its 55 Bcm/year Nord Stream 2 pipeline and its 31.5 Bcm/year TurkStream link ready to flow gas to Europe by the end of 2019, leaving only limited volumes for transit via Ukraine.

 

 W.Europe
2018, September, 14, 12:35:00

U.S. AGAINST NORD STREAM

PLATTS - In a meeting with Russian Energy Minister Alexander Novak in Moscow, US Energy Secretary Rick Perry reiterated US opposition to the expansion of the Nord Stream pipeline from Russia, claiming it would hurt European allies and distort energy markets.

 W.Europe
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.

 

 W.Europe
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.

 W.Europe
2018, August, 13, 13:45:00

U.S. LNG FOR EUROPE

PLATTS - Natural gas demand from US LNG export terminals is set to double over the next year as a spate of new liquefaction projects now nearing completion enters service.

 

 W.Europe
2018, July, 23, 13:45:00

ВОССТАНОВЛЕНИЕ БАЛАНСА ИНТЕРЕСОВ

МИНЭНЕРГО РОССИИ - «Ключевым вопросом предложения взаимодействия для российской стороны является урегулирование вопросов, которые сегодня находятся в Арбитражном суде. Должен быть восстановлен баланс интересов, чтобы взаимоотношения продолжались после 2020 года», - сказал Александр Новак.

Tags: GERMANY, LNG, USA, NORD STREAM 2,

Chronicle:

GERMANY'S LNG TERMINAL
2018, December, 17, 10:15:00

QATAR'S LNG FOR PAKISTAN

TP - With fast growing demand and expanding gas receiving capacity in Pakistan, the South Asian nation is expected to source more liquefied natural gas (LNG) from Qatar, said the country’s visiting Finance Minister Asad Umar.

GERMANY'S LNG TERMINAL
2018, December, 17, 10:10:00

QATAR'S INVESTMENT FOR U.S.: $20 BLN

REUTERS - Qatar Petroleum (QP) is looking to invest at least $20 billion in the United States over the coming few years, its chief executive told Reuters, after the Gulf Arab state unexpectedly quit OPEC this month.

GERMANY'S LNG TERMINAL
2018, December, 17, 10:05:00

U.S. INDUSTRIAL PRODUCTION UP 0.6%

U.S. FRB - U.S. industrial production rose 0.6 percent in November after moving down 0.2 percent in October; the index for October was previously reported to have edged up 0.1 percent. In November, manufacturing production was unchanged, the output of mining increased 1.7 percent, and the index for utilities gained 3.3 percent.

GERMANY'S LNG TERMINAL
2018, December, 17, 10:00:00

U.S. RIGS DOWN 4 TO 1,071

BHGE - U.S. Rig Count is down 4 rigs from last week to 1,071, with oil rigs down 4 to 873 and gas rigs unchanged at 198. Canada Rig Count is down 12 rigs from last week to 174, with oil rigs down 7 to 95 and gas rigs down 5 to 79.

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