RWE Talks German LNG Supply with African Producers

Source Press Release
Company RWE AG 
Tags Oil & Gas Trading, LNG & Gas Storage/Processing
Date September 20, 2018

Africa is joining Qatar and the U.S. on the list of potential suppliers of liquefied natural gas to Germany’s first import terminal for the fuel.

Note: Current African LNG producers include Nigeria, Algeria, Egypt, Angola and Equatorial Guinea right now, with projects underway to produce LNG in Mozambique also.

Talks are underway with African LNG producers to supply the planned German facility, as well as with Qatar, the world’s biggest producer, said Andree Stracke, chief commercial officer at RWE AG’s supply and trading unit. The German utility has agreed to take capacity in the proposed terminal near Hamburg. U.S. President Donald Trump is pitching his country’s LNG to nations from Germany to Poland in a bid to make Europe a “massive” buyer of the U.S. fuel.

“I am talking to African LNG producers and to U.S. producers as well,” Stracke said in an interview, without naming any companies. “Some African LNG is very likely to show up in Europe, therefore why not allocate it?”

German LNG Terminal GmbH plans to build a terminal at Brunsbuettel near Hamburg as authorities look to diversify supply sources at a time when Russia is sending record volumes of gas and domestic production is declining.

Source: EvaluateEnergy® ©2019 EvaluateEnergy Ltd