Germany Signs Preliminary Deal To Ramp Up LNG Import Capacity

OilPrice.com | Aug 16, 2022 at 11:30 AM
  • The German federal government has signed two memoranda of understanding with the country’s top gas utilities for the delivery of two floating LNG import terminals.
  • Per a Reuters report, the deals, with Uniper, RWE, and EnBW, will see the vessels, due to be completed this winter, delivered by March 2024.
  • The head of Germany’s energy regulator warned that gas consumption would have to be cut deeper than the EU-wide voluntary 15 percent, to 20 percent if the country is to avoid a harsh winter of shortages.