Germany will receive liquefied natural gas (LNG) from Canada through the first 20-year supply agreement to Europe, with a contract between the Ksi Lisims LNG project and the German state-owned company SEFE.

According to Canadian Minister of Energy and Natural Resources Tim Hodgson, “SEFE (Securing Energy for Europe) will purchase one million tons of LNG annually,” with deliveries scheduled to begin in the early 2030s.

With this agreement, Germany becomes the first European country to purchase Canadian liquefied natural gas, which “represents a further step in European efforts to reduce energy dependence on Russia following the Russian invasion of Ukraine.”

Hodgson added that this contract extends beyond the energy sector and linked it to “Prime Minister Mark Carney’s government’s strategy to strengthen Canadian economic sovereignty and expand trade outside the United States.”

More than 30 billion Canadian dollars in investments (21.6 billion US dollars or 18.65 billion euros) will be negotiated. The project is also expected to create thousands of jobs and generate more than 15 billion Canadian dollars in economic activity.

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Source: elperiodicodelaenergia

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European Union member states approved the regulation to begin the phase-out of liquefied natural gas and pipeline gas imports from Russia in 2027.

The decision, approved by a qualified majority, with Hungary and Slovakia voting against and Bulgaria abstaining, is considered a “fundamental step towards the Union definitively ending its energy dependence on Russia.”

Existing contracts will undergo a transition period, which will help limit the impact of this decision on prices and markets. The 27 EU member states have also agreed to impose an obligation requiring them to verify the country of origin of any gas before authorizing its entry into the Union, thus preventing Russian gas from being introduced through sales to third countries.

Failure to comply with these new rules, which will come into force on February 2, could result in maximum fines of at least €2.5 million for individuals and at least €40 million for companies, as well as a minimum of 3.5 % of the company’s total worldwide annual turnover or 300 % of the estimated turnover of the transaction.

Furthermore, from March 1, EU member states will be required to draw up national plans to diversify their gas supplies and identify potential challenges to their replacement.

There is an exception to the regulation, allowing for a suspension of up to four weeks, and countries may reconnect to Russian gas in the event of a declared emergency or if security of supply is seriously threatened in one or more member states. EU.

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Source: economiadigital

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La entrada EU approves regulation to eliminate Russian gas imports apareció primero en Bitfinance.

An agreement has been signed within the European Union, which will be presented in early 2026, to stop importing Russian natural gas starting on December 31 of that year.

Furthermore, member states are committed to halting the import of liquefied natural gas (LNG) by pipeline from September 30, 2027.

European Commission President Ursula von der Leyen referred to the agreement as a historic milestone. “The idea is to extend this decision to oil with a similar timeline,” she added.

Although Brussels will present the legislative proposal early next year, “the agreement must be approved by the European Parliament and ratified by a majority of member states.” The measure, agreed upon after negotiations that concluded in the early hours of Wednesday morning, seeks to sever ties with what was once the continent’s leading energy supplier (with 45 %) before the invasion of Ukraine. Today, it still accounts for 13 % of imports.

The truth is that the countries of the region want to stop imports of Russian gas once and for all. According to Energy Commissioner Dan Jorgensen, “Europe has opted for energy security and independence. We will never return to volatile supply or market manipulation.”

To replace this important commodity, the EU has increased imports from the US and the Middle East.

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Source: lavanguardia

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The German government will allocate some 3,000 million euros (about 3,235 million dollars) to four floating terminals of liquefied natural gas (LNG) in the next ten years, according to a letter addressed to the German Parliament.

Initially, the letter mentioned the amount of 2,470 million euros, but later a spokeswoman for the Ministry of Finance specified that the correct figure was 2,740 million euros, to which an additional 200 million had to be added.

According to the information, the Ministry of Finance has already released the funds without consulting the relevant budget commission. It was argued that such a procedure was necessary for “compelling reasons”.

It is expected that the corresponding freight contracts will be signed by next Wednesday, April 20. Their objective is to import liquefied natural gas to ensure the gas supply to Germany.

German government will increase LNG

Having more liquefied natural gas is one of the pillars of the German government’s efforts to reduce dependence on Russian gas supplies.

In a “Progress Report on Energy Security” published by the Ministry of Economy at the end of March, it is stated that the federal government had sought options for three floating LNG terminals through the companies RWE and Uniper in order to continue to increase security of supply in Germany.

According to information, the companies are currently negotiating the lease of these floating terminals and the negotiations are in the final stretch.

For its part, it was indicated that the Government is currently examining possible locations in the North Sea and the Baltic Sea, where the terminals could be deployed in the short term, in some cases even as early as the (European) winter of 2022-23.

Source: dpa

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The United States could start exporting gas to Europe, which will start the acceleration of some operations in terms of regasification infrastructure to increase the volume of sales.

According to data from Gasindustrial, the price of LNG that arrives from the United States to Spain is paid 40% more expensive than that received from Russia. Specifically, US gas cost an average of 53.88 euros/MWh; while the one from Russia did so at 38.42 euros/MWh.

There are currently seven major export facilities in the United States. Sabine Pass of Cheniere Energy in Louisiana; Cove Point Liquefaction in Maryland, now operated by Berkshire Hathaway; Corpus Christi Liquefaction, of Cheniere, Texas; Cameron LNG, of Sempra Energy, in Louisiana; Elba Liquefaction of Kinder Morgan in Georgia; Freeport LNG, in Texas and Calcasieu Pass, from Venture Global.

Cheniere Partners, owner of the Sabine Pass LNG terminal, has put its sixth liquefaction train into operation. At the same time, Venture Global’s Calcasieu Pass plant also began supplying LNG, and last December the company and Louisiana Governor John Bel Edwards announced that an additional $10 billion will be invested to develop a new CP2 LNG facility.

On the other hand, and in the midst of tensions between Russia and Ukraine, it is worth noting that the Polish company PGNiG has already purchased a shipment of US LNG ready for supply at the Ukrainian border to ERU Europe. This is the second time that gas from the American country is supplied to Ukraine through an agreement between the two companies.

Source: doblellave.com

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