Germany Ramps Up Capacity for LNG Imports to Replace Russian Gas

North Sea port is designated as a hub as four FSRUs are secured.

Vera Eckert, Reuters

Germany took steps to ramp up LNG imports on May 5 as it moves away from piped Russian supply, renting four floating storage and regasification units (FSRUs) and choosing the North Sea port of Wilhelmshaven as the first handling hub.

Demand for FSRUs has risen sharply as governments across Europe scramble to find quick ways to secure more LNG. They are a key part of Germany’s strategy as it will take time to build more permanent LNG terminals. 

Europe’s biggest economy currently relies on piped Russian gas for almost a third of its supply, imports which totaled 142 Bcm in 2021. Berlin has said it could take until summer 2024 to end its reliance on Russian gas.

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