Germany S Effort To Replace Russian Gas Cannot Rely On Canada

The North American nation is one of the world’s largest natural gas producers, and Scholz will discuss closer energy cooperation with Prime Minister Justin Trudeau. However, the government in Berlin does not expect a deal soon to buy Canadian liquefied natural gas, and has instead turned its attention to a green hydrogen partnership, according to officials familiar with the situation. Regulatory and environmental hurdles to building a new LNG terminal on Canada’s east coast to export the fuel to Germany are partly to blame for the lack of progress, according to an official. The most promising Canadian project will add an export facility to an existing LNG import terminal in Saint John, New Brunswick. But even if it is approved and implemented quickly, LNG shipments will not reach Germany within the next two years, said the official, who asked not to be identified discussing confidential information. Talks with gas suppliers in Europe and the Middle East have proved equally complicated, underscoring the uphill battle Scholz and his government face in securing short-term gas supply contracts that could help Europe’s largest economy avoid bulletin this fall and winter. With Russia squeezing supplies to Europe via the Nord Stream pipeline, companies and households have been hit hard by rising energy prices and the government has said gas consumption must be cut by a fifth to avoid a supply crisis . Some officials have expressed concern about social unrest if the power shortage gets out of control. Germany relied on Russia for more than half of its natural gas imports before Kremlin forces invaded Ukraine. It has since cut that share to around 30%, partly through increased supplies from Norway and the Netherlands, and wants to largely end Russian purchases by mid-2024. Negotiations with Qatar, one of the world’s biggest exporters of liquefied natural gas, have been particularly difficult, one of the German government officials said, describing Qatar’s strategy as a hard ball on the price and duration of potential deals with German companies. Solz and his deputy, Economy Minister Robert Habeck, accused Russia of using energy as a weapon to retaliate against European Union sanctions. Habeck, who will travel to Canada with Scholz and a corporate delegation, blames President Vladimir Putin for creating an “artificial shortage” that has helped drive up prices. Ironically, rising gas prices are helping Germany and other European countries secure some LNG shipments on the global market, as they are willing to pay more than Asian competitors. To help reduce dependence on Russia, Germany is fast-tracking new LNG import terminals, and the first of four floating facilities is due to come online around the end of the year. The government wants its first two terminals to operate at full capacity from the start, and energy companies have said that should be possible. They plan to tap LNG from their global portfolios and expect most supplies to come from the US. Utility RWE AG will be responsible for about a third of the total LNG taken from the terminals and is targeting three loads per month, according to a spokesman. The company quadrupled LNG supplies to Europe in the first half of 2022, trading more than 40 cargoes, the company announced this month. Scholz also wants to use his trip to Canada to facilitate Germany’s access to rare minerals and metals in an effort to reduce its dependence on China. He and Trudeau will sign an agreement on green hydrogen — which can be turned into a climate-neutral synthetic liquid fuel or fuel gas using sustainably generated electricity — in Stephenville, Newfoundland, on Tuesday. Scholz will also meet with representatives of Canadian pension funds to push for more green investment to support Germany’s shift to a carbon-neutral economy.

title: “Germany S Effort To Replace Russian Gas Cannot Rely On Canada Klmat” ShowToc: true date: “2022-12-12” author: “Mary Golz”

The North American nation is one of the world’s largest natural gas producers, and Scholz will discuss closer energy cooperation with Prime Minister Justin Trudeau. However, the government in Berlin does not expect a deal soon to buy Canadian liquefied natural gas, and has instead turned its attention to a green hydrogen partnership, according to officials familiar with the situation. Regulatory and environmental hurdles to building a new LNG terminal on Canada’s east coast to export the fuel to Germany are partly to blame for the lack of progress, according to an official. The most promising Canadian project will add an export facility to an existing LNG import terminal in Saint John, New Brunswick. But even if it is approved and implemented quickly, LNG shipments will not reach Germany within the next two years, said the official, who asked not to be identified discussing confidential information. Talks with gas suppliers in Europe and the Middle East have proved equally complicated, underscoring the uphill battle Scholz and his government face in securing short-term gas supply contracts that could help Europe’s largest economy avoid bulletin this fall and winter. With Russia squeezing supplies to Europe via the Nord Stream pipeline, companies and households have been hit hard by rising energy prices and the government has said gas consumption must be cut by a fifth to avoid a supply crisis . Some officials have expressed concern about social unrest if the power shortage gets out of control. Germany relied on Russia for more than half of its natural gas imports before Kremlin forces invaded Ukraine. It has since cut that share to around 30%, partly through increased supplies from Norway and the Netherlands, and wants to largely end Russian purchases by mid-2024. Negotiations with Qatar, one of the world’s biggest exporters of liquefied natural gas, have been particularly difficult, one of the German government officials said, describing Qatar’s strategy as a hard ball on the price and duration of potential deals with German companies. Solz and his deputy, Economy Minister Robert Habeck, accused Russia of using energy as a weapon to retaliate against European Union sanctions. Habeck, who will travel to Canada with Scholz and a corporate delegation, blames President Vladimir Putin for creating an “artificial shortage” that has helped drive up prices. Ironically, rising gas prices are helping Germany and other European countries secure some LNG shipments on the global market, as they are willing to pay more than Asian competitors. To help reduce dependence on Russia, Germany is fast-tracking new LNG import terminals, and the first of four floating facilities is due to come online around the end of the year. The government wants its first two terminals to operate at full capacity from the start, and energy companies have said that should be possible. They plan to tap LNG from their global portfolios and expect most supplies to come from the US. Utility RWE AG will be responsible for about a third of the total LNG taken from the terminals and is targeting three loads per month, according to a spokesman. The company quadrupled LNG supplies to Europe in the first half of 2022, trading more than 40 cargoes, the company announced this month. Scholz also wants to use his trip to Canada to facilitate Germany’s access to rare minerals and metals in an effort to reduce its dependence on China. He and Trudeau will sign an agreement on green hydrogen — which can be turned into a climate-neutral synthetic liquid fuel or fuel gas using sustainably generated electricity — in Stephenville, Newfoundland, on Tuesday. Scholz will also meet with representatives of Canadian pension funds to push for more green investment to support Germany’s shift to a carbon-neutral economy.

title: “Germany S Effort To Replace Russian Gas Cannot Rely On Canada Klmat” ShowToc: true date: “2022-12-05” author: “Daniel Enz”

The North American nation is one of the world’s largest natural gas producers, and Scholz will discuss closer energy cooperation with Prime Minister Justin Trudeau. However, the government in Berlin does not expect a deal soon to buy Canadian liquefied natural gas, and has instead turned its attention to a green hydrogen partnership, according to officials familiar with the situation. Regulatory and environmental hurdles to building a new LNG terminal on Canada’s east coast to export the fuel to Germany are partly to blame for the lack of progress, according to an official. The most promising Canadian project will add an export facility to an existing LNG import terminal in Saint John, New Brunswick. But even if it is approved and implemented quickly, LNG shipments will not reach Germany within the next two years, said the official, who asked not to be identified discussing confidential information. Talks with gas suppliers in Europe and the Middle East have proved equally complicated, underscoring the uphill battle Scholz and his government face in securing short-term gas supply contracts that could help Europe’s largest economy avoid bulletin this fall and winter. With Russia squeezing supplies to Europe via the Nord Stream pipeline, companies and households have been hit hard by rising energy prices and the government has said gas consumption must be cut by a fifth to avoid a supply crisis . Some officials have expressed concern about social unrest if the power shortage gets out of control. Germany relied on Russia for more than half of its natural gas imports before Kremlin forces invaded Ukraine. It has since cut that share to around 30%, partly through increased supplies from Norway and the Netherlands, and wants to largely end Russian purchases by mid-2024. Negotiations with Qatar, one of the world’s biggest exporters of liquefied natural gas, have been particularly difficult, one of the German government officials said, describing Qatar’s strategy as a hard ball on the price and duration of potential deals with German companies. Solz and his deputy, Economy Minister Robert Habeck, accused Russia of using energy as a weapon to retaliate against European Union sanctions. Habeck, who will travel to Canada with Scholz and a corporate delegation, blames President Vladimir Putin for creating an “artificial shortage” that has helped drive up prices. Ironically, rising gas prices are helping Germany and other European countries secure some LNG shipments on the global market, as they are willing to pay more than Asian competitors. To help reduce dependence on Russia, Germany is fast-tracking new LNG import terminals, and the first of four floating facilities is due to come online around the end of the year. The government wants its first two terminals to operate at full capacity from the start, and energy companies have said that should be possible. They plan to tap LNG from their global portfolios and expect most supplies to come from the US. Utility RWE AG will be responsible for about a third of the total LNG taken from the terminals and is targeting three loads per month, according to a spokesman. The company quadrupled LNG supplies to Europe in the first half of 2022, trading more than 40 cargoes, the company announced this month. Scholz also wants to use his trip to Canada to facilitate Germany’s access to rare minerals and metals in an effort to reduce its dependence on China. He and Trudeau will sign an agreement on green hydrogen — which can be turned into a climate-neutral synthetic liquid fuel or fuel gas using sustainably generated electricity — in Stephenville, Newfoundland, on Tuesday. Scholz will also meet with representatives of Canadian pension funds to push for more green investment to support Germany’s shift to a carbon-neutral economy.

title: “Germany S Effort To Replace Russian Gas Cannot Rely On Canada Klmat” ShowToc: true date: “2022-10-28” author: “Richard Tuliau”

The North American nation is one of the world’s largest natural gas producers, and Scholz will discuss closer energy cooperation with Prime Minister Justin Trudeau. However, the government in Berlin does not expect a deal soon to buy Canadian liquefied natural gas, and has instead turned its attention to a green hydrogen partnership, according to officials familiar with the situation. Regulatory and environmental hurdles to building a new LNG terminal on Canada’s east coast to export the fuel to Germany are partly to blame for the lack of progress, according to an official. The most promising Canadian project will add an export facility to an existing LNG import terminal in Saint John, New Brunswick. But even if it is approved and implemented quickly, LNG shipments will not reach Germany within the next two years, said the official, who asked not to be identified discussing confidential information. Talks with gas suppliers in Europe and the Middle East have proved equally complicated, underscoring the uphill battle Scholz and his government face in securing short-term gas supply contracts that could help Europe’s largest economy avoid bulletin this fall and winter. With Russia squeezing supplies to Europe via the Nord Stream pipeline, companies and households have been hit hard by rising energy prices and the government has said gas consumption must be cut by a fifth to avoid a supply crisis . Some officials have expressed concern about social unrest if the power shortage gets out of control. Germany relied on Russia for more than half of its natural gas imports before Kremlin forces invaded Ukraine. It has since cut that share to around 30%, partly through increased supplies from Norway and the Netherlands, and wants to largely end Russian purchases by mid-2024. Negotiations with Qatar, one of the world’s biggest exporters of liquefied natural gas, have been particularly difficult, one of the German government officials said, describing Qatar’s strategy as a hard ball on the price and duration of potential deals with German companies. Solz and his deputy, Economy Minister Robert Habeck, accused Russia of using energy as a weapon to retaliate against European Union sanctions. Habeck, who will travel to Canada with Scholz and a corporate delegation, blames President Vladimir Putin for creating an “artificial shortage” that has helped drive up prices. Ironically, rising gas prices are helping Germany and other European countries secure some LNG shipments on the global market, as they are willing to pay more than Asian competitors. To help reduce dependence on Russia, Germany is fast-tracking new LNG import terminals, and the first of four floating facilities is due to come online around the end of the year. The government wants its first two terminals to operate at full capacity from the start, and energy companies have said that should be possible. They plan to tap LNG from their global portfolios and expect most supplies to come from the US. Utility RWE AG will be responsible for about a third of the total LNG taken from the terminals and is targeting three loads per month, according to a spokesman. The company quadrupled LNG supplies to Europe in the first half of 2022, trading more than 40 cargoes, the company announced this month. Scholz also wants to use his trip to Canada to facilitate Germany’s access to rare minerals and metals in an effort to reduce its dependence on China. He and Trudeau will sign an agreement on green hydrogen — which can be turned into a climate-neutral synthetic liquid fuel or fuel gas using sustainably generated electricity — in Stephenville, Newfoundland, on Tuesday. Scholz will also meet with representatives of Canadian pension funds to push for more green investment to support Germany’s shift to a carbon-neutral economy.