Germany Goes On LNG Import Terminal Building Spree

Reuters this week published an overview of Germany’s efforts to boost imports of liquefied natural gas, to replace the flows from Russia via the blown-up Nord Stream and the Ukrainian route, which got shut down by the Zelensky government, which did not extend a transit deal with Gazprom that expired last year. Besides LNG, Germany has access to Norwegian gas via the continent’s pipeline network, and, theoretically, pipeline gas from Azerbaijan via Turkey and Italy along the Southern Gas Corridor. Energy Intelligence reported this week that some of the deals that European energy companies are signing with LNG producers and traders are as long-term as 25 years, even though there is an option to sell them on if demand declines and the volumes are no longer needed.

Author: Irina Slav

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