Skip to comments.Merkel moves to open up Germany to US gas imports after Trump's push: report
Posted on 10/22/2018 7:07:28 PM PDT by ding_dong_daddy_from_dumas
German Chancellor Angela Merkel is making a move to open up Germany's market to U.S. gas companies, following a lobbying push from President Trump, The Wall Street Journal reported.
Merkel told a group of lawmakers over breakfast in October that her government will co-finance a $576 million liquified natural gas (LNG) shipping terminal in northern Germany, the Journal reported, citing people familiar with the meeting.
The project had been stalled for years, but Trump has lobbied hard for Europe to increase LNG purchases from the U.S. while reducing their reliance on Russia.
Germany gets most of its gas from Russia, and American efforts to open its market to U.S. companies has stalled due to lack of government support.
(Excerpt) Read more at thehill.com ...
reduces the U.S. deficit to Germany/EU
reduces Germany/EU energy dependence on Russia
Definitely a win/win for the US and Germany. Germany will now have another source for natural glass and therefore less likely to be subjected to supplier blackmail.
we have an amazing President.
President Trump, you magnificent bastard.
How much LNG can a $576 million terminal handle? Any guesses?
An LNG terminal allows Germany to buy from any supplier, a pipeline locks them into a single supplier - who has repeatedly shown they will use such dependence as a weapon.
Also, most of jobs and construction contracts for a pipeline would go to the Russians, while an LNG terminal would be a huge load of jobs and contracts that German politicians could dole out domestically.
If Russians give the best price, they can still supply their tanker loads.
I saw Secretary of the Interior Zinke in an interview recently.
He was confidently predicting big increases in US production over the next two years.
We will need places for that product to go.
Over ten years ago, the German Green Party got pebble bed architecture for nuclear power killed in Germany (which is where most of the development work was done, along with I think South Africa), so watch for LNG use to rise precipitously as more of Germany's (and Europe in general) electrical power comes from fuel cells with reformers running methane. Geographically (and from a scenic tourism standpoint), photovoltaics would be a difficult fit for much of Europe.
(from the U.S. government.)
There are several proposed terminals:
Co-financed by Macquarie Group Ltd. and China Harbour Engineering Co. and costing as much as 500 million euros ($575 million), closely held consortium LNG Stade GmbH plans a terminal that will eventually be able to handle as much as 15 percent of Germanys gas imports.
Brunsbuettel + a joint venture of gas infrastructure company NV Nederlandse Gasunie, Vopak LNG Holding BV and Oiltanking GmbH, bundled together as German LNG Terminal.
Qatar, and Uniper SE a terminal at Wilhelmshaven, about 55 miles west of Stade
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