LNG import terminal backer and Finland’s leading power company Fortum outlines Uniper rescue deal
LNG import terminal developer and leading Finnish power company Fortum and subsidiary Uniper, Germany’s biggest Russian pipeline gas importer, and the German Government have agreed a comprehensive stabilisation package to provide financial relief to the Düsseldorf-based utility.
Canada moves to avoid blame for cutting of Russian gas to Germany by returning Nord Stream 1 compressor
Canada is moving to avoid being blamed for natural gas supplies to Germany being cut off by Russian company Gazprom by returning a gas turbine needed for the Nord Stream 1 pipeline that had been seized under sanctions when sent to Montreal by Siemens Energy for a scheduled maintenance programme.
Swiss-based Nord Stream II AG said it set up subsidiary in Germany but pipeline still suspended by regulator
Nord Stream II AG, the owner of the new Russian pipeline to bring supplies to Germany, said it registered a subsidiary for the German part of the pipeline to meet German regulatory requirements, though the certification for the project still remained suspended by the Bundesnetzagentur regulator based in the city of Bonn.
Germany becomes first nation to phase out coal and nuclear power for gas and renewables
Germany, the largest natural gas pipeline consumer in the European Union and a future LNG importer, is set to be the first country to end both nuclear and coal power under an agreement to compensate workers, companies and regional governments as it switches off coal-fired plants by 2038.
German major Wintershall DEA secures interests in nine exploration licences in Norway
The German oil and gas company Wintershall DEA said it had secured interests in nine new exploration licenses in Norwegian waters, including three as operator, as Germany continues to have only modest LNG import ambitions and aims to boost its pipeline volumes in the long term.
German natural gas market has ample supply and storage for winter ahead of LNG debut
The body representing German pipeline operators said the leading European Union nation would have enough natural gas this winter, despite restrictions on transit routes for Russian supplies because of an EU ruling in favour of Poland and as Germany is developing its first LNG import facilities.
Shell steps in to sell German-backed LNG export project in Nova Scotia vital feed gas
Pieridae Energy, the developer of the German-backed Goldboro LNG project in the Canadian Atlantic province of Nova Scotia, signed a purchase and sales agreement with Shell Canada Energy to acquire all of Shell’s midstream and upstream assets in the southern foothills of Alberta province to boost its LNG feed-gas reserves.
