A floating terminal to import LNG arrived in the port of Brunsbuettel on Jan. 20, the third such vessel to start up in recent weeks as Germany rushes to diversify away from former top supplier Russia.
The Hoegh Gannet floating storage and regasification unit (FSRU) arrived at the Brunsbuettel Elbehafen port near Hamburg.
It will allow LNG tankers to land and their cargoes to be regasified and fed into the country's grid.
"Floating LNG terminals enable the import of gas and thus strengthen Germany's security of supply," said Markus Krebber, CEO of RWE, which has spearheaded the project.
"The strong energy dependence of our country on Russian pipeline gas will end with the deployment of the special vessels."
The first LNG cargo - from Abu Dhabi National Oil - due at the FSRU is scheduled to arrive at the end of January, RWE said in a statement.
In recent weeks, FSRUs have arrived in Wilhemlshaven and Lubmin, taking Germany's LNG import capacity to 14 Bcm, according to Economy Minister Robert Habeck.
"More need to be added," he said at an event in Brunsbuettel.
The Nord Stream 1 pipeline which Russia shut off in August had an annual capacity of 55 Bcm.
Three more FSRUs are scheduled to be in place for the 2023/2024 winter season, which has come into focus after mild temperatures and high gas storage levels have alleviated supply concerns about this winter so far.
"We will have to refill the storage facilities during the summer for the winter of 2023/2024. That will not be possible without liquefied gas and additional imports," said Klaus Mueller, president of Germany's network regulator.
"After all, we also have to prepare for a case where a terminal or pipeline fails, he said.
Shell Energy Transition Prompted Talks to Sell Norway Business
2023-01-10 - Harbour Energy, the largest British North Sea producer, was unable to strike a deal with Shell due to "gas price volatility and uncertainty over the long-term outlook."
Big Oil's Good Times Set to Roll on After Record 2022 Profits
2023-01-17 - Top producers set to report record $200 billion profit.
China 2023 Oil Refinery Output Forecast to Rise 8% on Demand Recovery
2023-03-27 - China's oil refinery throughput this year is forecast to rise 7.8% as the country continues to rebuild its economy following strict COVID-19 controls, according to a think tank of state energy group CNPC.
Tighter Market to Push Oil Prices Above $90 in Second Half of the Year
2023-02-28 - Russian output is set to fall amidst Western sanctions curbing revenues and will divert to countries such as China and India that have not sanctioned Moscow over its invasion of Ukraine.
Pertamina Still Discussing Plan to Take Over Shell's Abadi LNG Stake
2023-01-17 - Indonesia has been looking for an investor to obtain Shell's 35% stake in the Masela gas project for years.