The German chancellor is just setting off on a Middle East tour to exporters of liquefied natural gas

In the current energy crisis, which has hit Germany hard due to its dependence on Russian energy sources, the government in Berlin first allocated 1.5 billion euros for the purchase of gas on the global market, and has now added another 2.5 billion euros to that. All in all, as Bloomberg writes citing a government document they had access to, special credit lines totaling 15 billion euros will be available for the purchase of gas for Germany this year, and the amount will be distributed in tranches.

The government's goal, as was previously announced, is for German gas reserves in storage facilities to be 95 percent full by November 1, and they are currently at 90 percent of capacity, whereas earlier this year the storage facilities were practically emptied.

Secure contracts

In order for the country to secure gas supplies for this winter with the very modest levels arriving from Gazprom, and since the storage facilities alone are not enough, German Chancellor Olaf Scholz is just setting off on a Middle East tour to exporters of liquefied natural gas (LNG). As announced, he will visit three countries – Saudi Arabia, the United Arab Emirates, and Qatar this weekend, and high on the list of tasks is securing LNG supply contracts, with Economy Minister Robert Habeck cautiously announcing that he will probably sign some LNG contracts in the United Arab Emirates.

What can be expected in Qatar, which, as the Politico portal writes, shocked the Germans with the high prices it is asking for gas, is not yet known, nor is what the planned meeting with Saudi Prince Mohammed bin Salman will bring. For the import of large quantities of gas by tanker, Germany should build a whole series of floating terminals for liquefied natural gas, and according to information published in the media, the first such floating terminal (FSRU) in Wilhelmshaven should become operational on December 21.

This summer it was announced that a second LNG terminal located northwest of Bremen could also become operational this year, in Brunsbuettel, or at the beginning of 2023.

Private consortium

Several more will be built by the end of 2023, with the German government having planned the construction of a total of four LNG terminals (the other two will be located in Stade and Lubmin). This summer it was also announced that a private consortium is building a fifth terminal, which is also planned to be in operation by the end of this year, also in Lubmin, near the Polish border. The opposition coalition CDU/CSU says that all this will not be enough given Germany's overall large gas needs and has called that plan involving the construction of floating LNG terminals a fraud. In the meantime, while the necessary energy infrastructure is being rapidly built, it has been agreed that additional natural gas supply will be secured via the LNG terminal in the Dutch port of Rotterdam, the Belgian terminal Zeebrugge, and Dunkirk in France.

Olaf Scholz is doing everything to reduce his economy's dependence on Russian energy sources

Source: jutarnji.hr

The German chancellor is just setting off on a Middle East tour to exporters of liquefied natural gas

In the current energy crisis, which has hit Germany hard due to its dependence on Russian energy sources, the government in Berlin first allocated 1.5 billion euros for the purchase of gas on the global market, and has now added another 2.5 billion euros to that. All in all, as Bloomberg writes citing a government document they had access to, special credit lines totaling 15 billion euros will be available for the purchase of gas for Germany this year, and the amount will be distributed in tranches.

The government's goal, as was previously announced, is for German gas reserves in storage facilities to be 95 percent full by November 1, and they are currently at 90 percent of capacity, whereas earlier this year the storage facilities were practically emptied.

Secure contracts

In order for the country to secure gas supplies for this winter with the very modest levels arriving from Gazprom, and since the storage facilities alone are not enough, German Chancellor Olaf Scholz is just setting off on a Middle East tour to exporters of liquefied natural gas (LNG). As announced, he will visit three countries – Saudi Arabia, the United Arab Emirates, and Qatar this weekend, and high on the list of tasks is securing LNG supply contracts, with Economy Minister Robert Habeck cautiously announcing that he will probably sign some LNG contracts in the United Arab Emirates.

What can be expected in Qatar, which, as the Politico portal writes, shocked the Germans with the high prices it is asking for gas, is not yet known, nor is what the planned meeting with Saudi Prince Mohammed bin Salman will bring. For the import of large quantities of gas by tanker, Germany should build a whole series of floating terminals for liquefied natural gas, and according to information published in the media, the first such floating terminal (FSRU) in Wilhelmshaven should become operational on December 21.

This summer it was announced that a second LNG terminal located northwest of Bremen could also become operational this year, in Brunsbuettel, or at the beginning of 2023.

Private consortium

Several more will be built by the end of 2023, with the German government having planned the construction of a total of four LNG terminals (the other two will be located in Stade and Lubmin). This summer it was also announced that a private consortium is building a fifth terminal, which is also planned to be in operation by the end of this year, also in Lubmin, near the Polish border. The opposition coalition CDU/CSU says that all this will not be enough given Germany's overall large gas needs and has called that plan involving the construction of floating LNG terminals a fraud. In the meantime, while the necessary energy infrastructure is being rapidly built, it has been agreed that additional natural gas supply will be secured via the LNG terminal in the Dutch port of Rotterdam, the Belgian terminal Zeebrugge, and Dunkirk in France.

Olaf Scholz is doing everything to reduce his economy's dependence on Russian energy sources

Source: jutarnji.hr