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Germany is leasing liquefied natural gas terminals to reduce its dependence on Russia. The share of imports has already been reduced

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According to the source, Hoegh LNG and Dynagas will each supply two LNG terminals, which together have the capacity to convert at least 20 billion cubic meters of supercooled gas annually, about a fifth of Germany’s demand, the ministry said on Thursday. Economy. The terminals will be operated by RWE and Uniper.

“Today, more than ever, our energy deliveries need to be based on much more robust pillars,” Economy Minister Robert Habeck told Agerpres.

Among the largest global exporters of LNG are the USA, Australia and Qatar.

European countries are looking to rapidly diversify their energy supplies in the context of sanctions imposed on Russia following the invasion of Ukraine. Last week, Gazprom completely stopped deliveries of natural gas to Poland and Bulgaria, in the absence of payments in rubles from the two countries for the delivery of fuel. These developments show the urgent need to reduce dependence on Russian fossil fuels.

Since the invasion of Ukraine, Germany has already reduced the share of Russian gas imports to about 35%, from almost 50%, and wants to reach only 10% by the summer of 2024.

The Berlin government has allocated 2.94 billion euros for the payment of floating LNG terminals and the necessary infrastructure to connect them to the network, the Ministry of Economy has confirmed.

Read:   What impact does the war in Ukraine have on the delivery of Russian gas to Europe and how have they become the subject of mutual blackmail between powers?

Germany, which needs about 95 billion cubic meters of gas annually, currently does not have LNG terminals, and those in neighboring states such as the Netherlands, France, Belgium and Poland do not have enough capacity to supply gas to the whole world. Europe.

By 2026, Germany plans to build more fixed LNG terminals.

Greece will build a new liquefied gas plant

Southeast Europe has taken an important step towards independence from Russian gas by starting work on May 3 on a liquefied natural gas storage facility in the port of Alexandroupolis, a Hellenic-Bulgarian project that will be joined by Serbia. and Northern Macedonia, reports EFE.

According to the quoted source, Southeastern Europe consumes between 10 and 11 billion cubic meters of gas per year, of which about 50% comes from Russia. With this new installation, in addition to the one already existing at Revithousa, a small island near Athens, Greece hopes to consolidate its geopolitical importance and become an important energy center of Europe, writes EFE.

The Alexandroupolis plant will be ready by the end of next year and will consist of a floating unit, located on the sea, about 18 kilometers from the port, intended for the reception, storage and regasification of liquefied natural gas. It will be Greece’s first offshore installation. Through a system of submarine and land pipelines, natural gas will be sent to the National Gas Transmission System (NSF) and from there to final consumers.

In addition, it will be able to connect to the Greece-Bulgaria Interconnector (IGB), which will be completed in a few months, and the Trans Adriatic Gas Pipeline (TAP), which will bring gas from Azerbaijan to Italy and which has started operating. recently.

With a total investment of about 400 million euros, the storage capacity of liquefied natural gas will be 153,500 cubic meters per year and it is estimated that it will be able to regasify about 5.5 billion cubic meters. In this way, Greece will double its storage capacity, which is currently 225,000 cubic meters at Revithousa.

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