How Germany signs deal with Gas Suppliers, secures supply for its FSRUs
Middle East: Oil demand remains low despite the ease in COVID-19 lockdown
– By Godswill Odiong

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By Our Correspondent
Germany signed a Memorandum of Understanding with the top gas suppliers in the country to secure a steady supply for two of its Floating Storage Regasification Units, FSRUs, according to FleetMon.

It stated: “Germany signed a Memorandum of Understanding with the top gas suppliers in the country to secure a steady supply for two of its Floating Storage Regasification Units, FSRUs. The deal was signed with Uniper, RWE, and EnBW’s subsidiary, VNG. This is being done to secure alternate means of LNG supply and hence reduce reliance on Russian Energy.

“The MoU was signed by Germany’s Economic minister Robert Habeck and ensured that the two FSRUs in Brunsbuettel and Wilhelmshaven will have ample resources from the beginning of their operation late this year till March of 2024. With these two FSRUs, Germany will receive up to 12.5 billion cubic meters of LNG per year, which amounts to around 13% of the country’s gas needs, according to Enerdata.

“Robert Habeck stated that this would ensure a more robust energy infrastructure for Germany and make the country less susceptible to blackmail from the Russian president. The primary gas supplier for Germany is the Nord Stream 1 pipeline, run by Gazprom of Russia.

“It usually supplies 55 bcm of LNG annually but is currently operating at 20% of its capacity. Moscow attributes the reduced supply to delayed or faulty equipment, whereas Berlin states that this is merely a pretext to hit back at Europe for its sanctions.

“ Germany is also pursuing avenues such as obtaining LNG from Qatar and has also advised its energy companies to always be on the lookout for great deals on the market.”

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