- Home
- Business
- News
- Germany Signs Contract With US Company on Charter Use of New LNG-Terminal - Ministry
Germany Signs Contract With US Company On Charter Use Of New LNG-Terminal - Ministry
Muhammad Irfan Published October 26, 2022 | 12:10 AM
The German government and Excelerate Energy, a US-based LNG company, have signed a contract on the charter use of a fifth floating terminal for liquefied natural gas (LNG) in the German port of Wilhelmshaven, the Ministry for Economic Affairs and Climate Action said on Tuesday
MOSCOW (UrduPoint News / Sputnik - 25th October, 2022) The German government and Excelerate Energy, a US-based LNG company, have signed a contract on the charter use of a fifth floating terminal for liquefied natural gas (LNG) in the German port of Wilhelmshaven, the Ministry for Economic Affairs and Climate Action said on Tuesday.
"With the fifth floating LNG-terminal we once again strengthen our independence from pipeline-bound supplies of natural gas and establish the necessary infrastructure for reliable energy imports. By doing so, we create the conditions to become completely independent from imports of Russian gas via pipelines," German State Secretary Patrick Graichen said, as quoted by the ministry.
In early September, German Economy Minister Robert Habeck announced plans to build a fifth floating terminal in Germany so the country could import more LNG from other countries to replace Russian pipeline gas.
There are currently four LNG-terminals under construction in the German ports of Wilhelmshaven, Brunsbuttel, Stade and Lubmin. The first terminals are expected to enter into operations by early 2023, according to the German government.
Related Topics
Recent Stories
Govt committed to developing gems, jewellery sector: Minister
Three new bills introduced in Senate
Nine dead, 1,318 injured in Punjab road accidents
Ukraine, Russia exchange fire, at least seven dead
1st-ever National Sports Revival conference starts next month
Joint venture decided for action against MEPCO’s defaulters
Modern irrigation system imperative to deal with water scarcity: UAF VC
Bringing 4.4mln hectares suitable land under olive cultivation to address econom ..
One woman died after speedy bus overturned
155 killed in Tanzania as heavy rains lash East Africa
Parliament committed to resolve public issues on priority basis: Ghulam Mustafa
Collaborative Care of Diabetes Centre inaugurated in Faisalabad
More Stories From Business
-
Collaborative Care of Diabetes Centre inaugurated in Faisalabad
1 hour ago -
Kazakh envoy stresses quantum jump in bilateral trade
1 hour ago -
Thousands of flights scrapped as French air traffic controllers strike
1 hour ago -
SECP proposes amendments to General Takaful Accounting Regulations, 2019
1 hour ago -
Govt committed to developing gems, jewelry sector: Minister
1 hour ago -
Pakistan earns $1,976 million from IT services' export in 8 months
2 hours ago
-
Turkey central bank holds key interest rate steady
1 hour ago -
PSX loses 80 points
3 hours ago -
Ahad Cheem lauds UNDP’s cooperation
3 hours ago -
Rupee sheds 09 paisa against dollar
1 hour ago -
Chinese tech behemoth enters game amid global EV surging trend
1 hour ago -
London stocks hit new record on blockbuster mining takeover bid
3 hours ago