LNG

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.

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.