Germany completes its first LNG import terminal — RT Business News

German authorities have opened the first of five planned floating terminals to receive liquefied natural gas (LNG) at the North Sea port of Wilhelmshaven. The country is scrambling to secure its energy supplies as it tries to move away from the Russian gas pipeline.

Germany would miss about 50 billion cubic meters of gas in annual deliveries due to reduced imports from Russia. The country’s previous attempts to diversify gas supplies have contributed to the current energy crisis. EU sanctions pressure, technical problems, as well as the sabotage of Nord Stream pipelines, have further exacerbated the problem.

The facility should become operational towards the end of the year, along with a second floating terminal at the North Sea port of Brunsbuettel, according to Economy Minister Robert Habeck, who boasted that the project had was completed in just 200 days.

The Wilhelmshaven Floating Storage and Regasification Unit (FSRU), for utility Uniper, will be moored at an extended quay and will have the capacity to regasify LNG arriving on tankers.

Habeck added that three more FSRUs would be deployed in the coming months – one at Stade on the Elbe near Hamburg and two at Lubmin on the Baltic Sea. Another in Wilhelmshaven will be added in the fourth quarter of 2023.

“The new LNG landing stage is a big step towards a secure energy supply”, Lower Saxony’s Economy Minister Olaf Lies said in a statement.

The EU is facing a full-scale energy crisis after imposing several rounds of sanctions on Russia, which was once its biggest supplier of natural gas.

The planned terminals are expected to give Germany an annual LNG import capacity of at least 29.5 billion cubic meters, or about a third of the country’s annual gas demand of 90.5 billion cubic meters. LNG supplies will be at a much higher price than the Russian pipeline.

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