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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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FEATURED COLUMNS

Editorial Comment
-Adrienne Blume
China is hosting the 19th International Conference and Exhibition on Liquefied Natural Gas (LNG2019) in Shanghai from 1–5 April—an appropriate choice of host country, given China’s increased appetite for natural gas.
EWAnalysis: Canada comes late to LNG; projects and prospects mixed
- Energy Web Atlas
Canada has abundant natural gas resources.
Executive Viewpoint: BHGE developing technology-driven solutions to reduce total cost of ownership
-Alberto Matucci
While BHGE recently won new orders for LNG projects, the company remains committed to differentiating the business, implementing solutions proven in LNG into other applications of the oil and gas value chain.
Industry Trends: Russia and US go head-to-head over EU gas market
-Eugene Gerden
Lower-cost Russian gas will likely continue to dominate the EU market in the coming years, despite the growth in oil prices, to which Russian gas prices are linked.


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