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Rising gas import demand to support energy company's projects

Germany’s single biggest customer of Russian gas, Uniper, said a growing import gap in Europe was supporting its strategy for pipeline and liquefied natural gas (LNG) projects, which were making good progress.

“We assume that there will be additional gas import demand of 150 billion cubic meters per year by 2030 in Europe,” chief financial officer Christopher Delbrueck said at a news conference on the presentation of its 2018 earnings.

He cited the loss of the major Dutch Groningen field, moves to shed coal burning and nuclear energy, and the intermittent nature of growing renewable energy that required more gas burning as a transition fuel toward a green future.

Investment decisions for the Wilhelmshaven LNG terminal project, where Uniper will be a facilitator, would be taken by year-end, Uniper expects, hoping to arrange more prebooking of capacities soon.

The Nord Stream 2 pipeline project for Russian gas, where Uniper is one of five western shareholders, was far advanced while needing further clearance by Germany’s energy regulator, Delbrueck said.

Reporting by Vera Eckert; editing by Thomas Seythal

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Editorial Comment
-Adrienne Blume
This year could be the largest ever for LNG export project final investment decisions (FIDs).
EWAnalysis: Impact of technology on gas transmission management—Part 2
-Bob Andrew
This article is the second in our “Impact of Technology” series; the first was “Impact of technology in gas processing plants—Part 1,” which appeared in the October/November 2018 issue of Gas Processing & LNG.

GasPro 2.0: A Webcast Symposium

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The global LNG industry is becoming increasingly interconnected as grassroots export projects get off the ground. Another technology route for processing gas into fuels—GTL—is attracting renewed attention due to improving economics. Small-scale solutions for both LNG and GTL are at the forefront of new technological developments, while major projects using more conventional technologies continue to start up around the world.

During this webcast, we will focus on LNG, GTL, gas processing technology developments and deployments, operations, small-scale solutions, transportation, trading, distribution, safety, regulatory affairs, business analysis and more.

October 25, 2018 08:30 AM CDT

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