Guest “I don’t think that word, powerhouse, means what do you think it means” by David Middleton
Germany is ready to become an LNG powerhouse with a red tape law
Law set to cut approval time for import terminals
The country is among the EU countries looking to reduce dependence on RussiaBy Vanessa Dezem, Arne Delfs and Anna Shiryaevskaya
May 10, 2022Germany is expected to become a liquefied natural gas powerhouse within a year as it rapidly deploys new import ports to reduce dependence on Russian fuel.
The German Federal Cabinet has given the green light to a draft law that cuts the approval process of such facilities to 10 times the usual. The government is planning to build four floating terminals, which would allow it to replace at least 70% of Russian gas imports and mark a significant turning point in energy policy after years of battling more expensive LNG. of America.
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Germany has long ignored US LNG – billed as “Free Gas” of the Trump administration – easing past efforts to build terminals in the sprawling bureaucracy. Its buyers prefer a cheaper source of pipeline, while the government is concerned that the introduction of American goods – the product of the smelting process – could harm their environmental credentials. .
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Note: Due to reporting requirements, some pipeline imports of natural gas are not attributed to a source country.
How does your import of more than 80% of natural gas qualify as a “powerful,” regardless of the source and nature of the gas imported?
“Factory”?
What are these “Ready to become an LNG powerhouse” like:
December 9, 2021
US liquefied natural gas export capacity will be the largest in the world by the end of 2022United States liquefied natural gas (LNG) export capacity has grown rapidly since the Lower 48 states first started exporting LNG in February 2016. In 2019, US becomes world’s third largest LNG exporter, behind Australia and Qatar. After new LNG liquefaction units, known as trains, at Sabine Pass and Calcasieu Pass in Louisiana come online in late 2022, The US will have the world’s largest LNG export capacity.
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