total win/win
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.
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.
(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 Germany’s 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