Germany and Netherlands Team up on LNG Import Terminal to Wean off Russian Energy
Posted on 03/12/2022
Revealed on March 4, 2022, Kreditanstalt für Wiederaufbau (KfW) (on behalf of the German Federal Government), N.V. Nederlandse Gasunie (100% owned by the Dutch state), and RWE signed a Memorandum of Understanding (MoU) on a joint project to build a terminal for the import of liquefied natural gas (LNG) at Brunsbüttel. KfW will acquire 50% of the shares in the LNG terminal for the Federal Government. Gasunie will operate the facility. Gasunie and RWE Holding stakes of 40% and 10% respectively. Brunsbüttel is a town in the district of Dithmarschen, in Schleswig-Holstein, northern Germany that lies on the mouth of the Elbe river, near the North Sea. It is the location of the western entrance to the Kiel Canal, the busiest artificial waterway in the world.
The terminal will have an annual regasification capacity of 8 billion cubic meters and provide a possibility to import gas directly to the German market from regions which cannot be reached by gas pipelines. The investment is being conducted to help have Germany and other the Dutch nations to rely less on imported gas from Russia. The construction of an LNG terminal like the terminal planned in Brunsbüttel would take around 3 to 3.5 years.
Gasunie is a Dutch natural gas infrastructure and transportation company operating in the Netherlands and Germany. Gasunie owns the Netherlands gas transmission network with a total length of over 12,000 kilometers and 3,100 kilometers long network in Germany.
