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voda 7 december 2018 19:20

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Daewoo Shipbuilding wins USD 370 million order for 2 LNG carriers

Daewoo Shipbuilding & Marine Engineering Co, the world’s second-largest shipbuilder by orders, said that it has clinched a USD 370 million deal to build two LNG carriers. Under the deal with an unidentified customer, Daewoo Shipbuilding is set to deliver the 174,000-cubic-meter ships by the first half of 2021. The Korean shipyard has an option to build four more vessels as well.

So far this year, Daewoo Shipbuilding has won deals valued at a combined USD 5.64 billion to build a total of 41 ships, including 16 very large oil tankers. With the latest deal, Daewoo Shipbuilding has met some 77 percent of its annual order target of USD 7.3 billion.

Source : Strategic Research Institute

Ronald Engels 9 december 2018 23:57

0

Voda,

Wat betreft aandelen voor LNG, denk eens aan Burckhart Zwitserland aandelen, topspecialist samen met Wartsilia voor Gascompressoren.

Groet Ronald.

voda 10 december 2018 20:49

1

Record shipments to China drive Australia’s LNG exports to second highest ever in November - Gladstone

Platts reported that exports of LNG from Australia’s east coast in November were the second highest since shipments began at the beginning of 2015 as volumes to China set an all-time record, data from the Gladstone Ports Corporation showed. A total of 1.92 million tonnes of the fuel was shipped during the month from the Port of Gladstone which is home to all three of eastern Australia’s LNG export terminals, showing an increase of 13% year on year from 1.70 million million tonnes and 10% above 1.76 million million tonnes in October. The port set its highest monthly total in December last year with 1.99 million million tonnes, the data showed. The November volumes translates to an annualized rate of 23.40 million million tonnes against the terminals’ nameplate capacity of 25.3 million million tonnes per year. For January-November, they have shipped 18.81 million million tonnes, an annualized rate of 20.55 million million tonnes.

Gladstone, which is in the Australian state of Queensland, is home to the Origin-ConocoPhillips Australia Pacific LNG, the Santos-led Gladstone LNG and Shell’s Queensland Curtis LNG. Each facility has two trains with the first of the lot having come online in January 2015 and the last in October 2016. Energy consultancy EnergyQuest said Wednesday that capacity utilization has increased throughout the year at the three Queensland projects – rising from 77% in April-June to 83% in July-September.

EnergyQuest CEO Dr Graeme Bethune said that “QCLNG and APLNG are managing to almost fill their LNG trains, while GLNG’s capacity utilization is still only around 60%.”

Meanwhile, Gladstone’s LNG export to China were at the record-breaking high of 1.49 million tonnes, up 30% year on year from 1.14 million tonnes and 13% higher month on month from 1.32 million tonnes. The previous record was set in December last year when 1.35 million tonnes was exported

Dr Bethune said that “Chinese gas demand is growing rapidly as the Chinese government works to reduce some of the world’s worst urban air pollution,” adding that in the July-September China’s total LNG imports reached a record of 13.2 million tonnes, of which Australia supplied about 47%.”

Source : Platts

Bijlage:

voda 11 december 2018 20:40

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South Korean major shipbuilders fare well on surge of LNG carrier orders

Yonhap reported that South Korea’s major shipyards have shown decent performances this year on the back of a surge in orders to build LNG carriers. For the year up to Thursday, 52 orders for LNG carriers were received by local entities, with Hyundai Heavy Industries Co. bagging the largest figure, or 25 orders, followed by 14 orders for Daewoo Shipbuilding and Marine Engineering Co. and 13 for Samsung Heavy Industries Co. This is nearly five times larger than the figure for last year, when they secured orders for a mere 11 LNG ships.

The South Korean firms accounted for 86 percent of the total orders for LNG carriers in the world so far this year, according to the data from industry tracker Clarkson Research Institute. The remaining nine orders were obtained by firms from China, Singapore and Japan.

According to experts, thanks to the increased orders, the three major players are forecast to achieve their yearly goals. Hyundai secured orders for 146 ships this year, amounting to USD 12.5 billion. It aimed to win USD 13.2 billion in orders in 2018.

Daewoo reached around 83 percent of its yearly goal by securing USD 6.04 billion worth of orders, winning contacts to build 42 ships. Samsung received orders for 44 ships worth a combined $5.4 billon, though it has targeted USD 8.2 billion won in sales.

Bae Se-jin, an expert at Hyundai Motor Securities, said that “The global demand for LNG carriers is forecast to grow further for some time, thanks mainly to the proactive push for energy exports by the United States and China’s eco-friendly energy policy measures.”

Source : Yonhap

voda 13 december 2018 19:30

1

Trafigura boosts its LNG traded volumes by 22pct in 2017-18

Geneva-based commodity trading company Trafigura increased its LNG traded volumes by 22% to 9.9 million mt in its financial year ending September 30 2018, the annual report said. The increase was driven by a surge in Asian demand, notably in China and South Korea. In China, imports jumped by 45% on the year, supported by a national policy to import natural gas to reduce its reliance on coal for power generation.

In South Korea, LNG purchases also rose sharply due to lower nuclear output, combined with a cold winter and a hot summer.

Japan saw some strong seasonal imports despite rising output from both nuclear and renewable generation. Imports from India were up 19% in 2018 due to infrastructure expansion unlocking further demand.

It said that other emerging market such as Pakistan and Bangladesh “continued to demonstrate their growth potential.” The Asian share of its LNG business jumped to 30%, the company said.

Trafigura said that on the supply side, new LNG volume was generated from Australia, Russia and the US. But because the growth in demand was greater than the growth in supply, the LNG market resulted shorter than expected.

It said that “The widespread expectations that a global LNG surplus would emerge in 2018 were confounded. Instead, the surge in incremental LNG production, notably from the US, was absorbed in Asia and gas prices rose, taking coal along for the ride.”

Trafigura’s traded volumes had already surged 53% on year in 2017 to over 8.1 million mt of LNG.

OUTLOOK
The company said that “We expect demand to continue its upward trajectory over the next year to accommodate the new production coming online,” pointing to several multi-year offtake agreements signed with LNG producers in 2018.

In particular, it pointed to the first cargo under its 15-year purchase agreement with US LNG producer Cheniere Energy which is due to ship in January 2019. The contract represents 1 million mt/year.

Trafigura said it is satisfied with the current LNG market structure given the diversity of geography, with an important customer base in Europe, Middle East and the Americas as well as Asia.

This, together with further access to infrastructure such as LNG storage and vessels would allow the company to take further advantage of arbitrage opportunities and switch cargoes from Europe to Asia, according to market signals.

Source : Platts

Bijlage:

voda 13 december 2018 19:47

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Yamal LNG reaches full capacity at the plant’s three LNG trains

PAO NOVATEK announced that its joint venture Yamal LNG has reached full capacity at the plant’s three LNG trains. The Yamal LNG project was implemented in record time and on budget with the launches of the second and third trains made ahead of schedule by six months and more than a year, respectively. Russian Federation Prime Minister Dmitry Medvedev participated in the official ceremony commemorating this milestone event at Yamal LNG. Yamal LNG is comprised of three liquefaction trains with a total nameplate capacity of 16.5 mmtpa, or 5.5 mmtpa per LNG train. The project is supported by a fleet of Arc7 ice-class tankers supplemented by lower ice-class designated tankers to transport LNG cargos. More than 100 LNG cargoes have been offloaded with approximately 7.5 million tons of LNG produced and delivered to five continents – a year since the Project’s first shipment in December 2017.

Mr Leonid V Mikhelson, NOVATEK’s Chairman of the Management Board, said that “Yamal LNG is currently the largest LNG project in Russia with an aggregate share of about five percent of the global LNG market. We believe that Yamal LNG represents a unique benchmark for the global oil and gas industry in terms of project success and implementation. Moreover, the Yamal LNG project enabled us to become one of the major players in the global LNG market. Our accomplishments pave the way to create a large-scale LNG platform utilizing the prolific conventional natural gas resources on the Yamal and Gydan peninsulas as well as facilitating the achievement of our strategic goal to produce 55 - 60 mmtpa by 2030.”

Source : Strategic Research Institute

Bijlage:

voda 16 december 2018 15:10

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Christophe de Margerie loads first cargo from Yamal LNG third train

The Arctic LNG carrier Christophe de Margerie, owned and operated by Sovcomflot, loaded the first batch of liquefied natural gas (LNG) produced on the third high-tech production line of the Yamal LNG project, at the Port of Sabetta on the Yamal Peninsula. Mr Dmitry Medvedev, the Russian Prime Minister, initiated the start of cargo operations via a video conference with the vessel’s Master Sergey Zybko. The ceremony was attended by Dmitry Artyukhov, the Governor of Yamal-Nenets Autonomous District; Leonid Mikhelson, Chairman & CEO of Novatek; Evgeny Ambrosov, Senior Executive Vice President of Sovcomflot; as well as representatives from Total, CNPC, and Silk Road Fund.

Mr Dmitry Medvedev congratulated Yamal LNG on reaching full production capacity and noted:“This is a significant milestone for the entire Russian gas industry and, of course, for our international partners, and for international cooperation in the energy sector. For half a century, our country has been successfully cooperating with its European neighbours in the natural gas sector; now we are making forays into Asian markets. Yamal LNG is a significant confirmation of the reliability of our partnership with other states – in this case, with France and China. It is also important that Yamal LNG will stimulate the development of transnational infrastructure, initially of the Northern Sea Route – the transport corridor connecting Europe and Asia. I am confident that participation in this project, now completed in the Russian Arctic, and in a number of other major projects, opens up great opportunities for our foreign partners.”

Commenting on the Sabetta ceremony, Evgeny Ambrosov said “Over many years of successfully operating in the Arctic and Subarctic seas, Sovcomflot has trained over 50 highly qualified vessel crews, which is 1,500 seafarers capable of performing challenging work in extreme high latitude environments, to high safety and quality standards. We have a lot of seafaring dynasties amongst our crews, and we work to carefully preserve and carry on the legacy of generations of Russian seafarers, true pioneers of the Arctic.”

Christophe de Margerie is an icebreaking LNG carrier ordered, designed and built for Sovcomflot to transport LNG for Yamal LNG year-round in the challenging ice conditions of the Kara Sea and Gulf of Ob.
The vessel is capable of sailing independently through ice of up to 2.1 metres thick. She was assigned an Arc7 ice class, the highest amongst existing merchant vessels. The power capacity of Christophe de Margerie’s propulsion system is 45 MW, a capacity comparable to that of a modern nuclear icebreaker. The propulsion system includes three Azipod units, which provide a high ice-breaking capability and manoeuvrability. Christophe de Margerie became the world’s first merchant vessel with a high ice class to have three Azipod units installed.

Source : Strategic Research Institute

Bijlage:

voda 16 december 2018 15:23

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France's Total sees robust demand for LNG from Russia's Yamal

Reuters reported that French oil and gas group Total believes there is enough demand on the spot market for liquefied natural gas from its Yamal LNG plant in Russia, Total's chief executive said, as the project has expanded ahead of schedule. Russian Prime Minister Mr Dmitry Medvedev attended a ceremony marking the launch of the third train, or stage, of Yamal LNG, which expanded its annual capacity to 16.5 million tonnes. The expansion had been initially expected at the end of 2019 and a quicker rise in output has raised questions about Yamal LNG's ability to sell the additional volumes. It has pre-sold more than 96 percent of its LNG production under long-term contracts for the next 20 years.

Russian gas producer Novatek controls Yamal LNG, which is co-invested by Total, China's CNPC and the Silk Road Fund. It started operations in December 2017.

Mr Patrick Pouyanne, Total's Chief Executive said Yamal LNG would start sales under a long-term contract from the third stage of the Yamal LNG project as initially planned. He said that "It is not difficult to sell on the spot market, the LNG market is growing by 10 pct per year or more, so clients are asking for more LNG, it's not a real issue. We export more LNG quicker, its good for the project. In fact, it is a surprise, but the (LNG) trains are ready in front of all the vessels."

Source : Reuters

voda 16 december 2018 15:24

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Novatek plans to speed up LNG reloading after US criticism - Mr Mikhelson

Reuters cited Mr Leonid Mikhelson, the head of Russia's gas producer Novatek, as saying that the company will need to speed up construction of liquefied natural gas (LNG) reloading facilities after Washington slammed Norway for helping it to tranship gas. Allowing ship-to-ship transfers in Norwegian waters from Yamal in Arctic Russia, one of the world's largest liquefied natural gas (LNG) terminals, undercuts Europe's energy diversification efforts, the U.S. State Department said last month.

Mr Mikhelson didn't mention the United States directly when he told reporters that Norway faced pressure from other countries due to ship-to-ship transfer of Yamal LNG. He added that the company was aiming to launch an LNG reloading facility in the Murmansk region in North West Russia in 2022.

Source : Reuters

voda 17 december 2018 19:34

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LNG demand from top global buyers to grow four-fold to 80 MTPA by 2030 - Mr Browne

ET reported that the uncontracted demand by the world's seven largest LNG buyers could quadruple to 80 million tonnes per annum by 2030, according to research and consultancy firm Wood Mackenzie. The major LNG buyers - CNOOC, CPC, JERA, KOGAS, PetroChina, Sinopec and Tokyo Gas - together account for more than 50 per cent of the global LNG market. These Northeast Asian players have become active in global LNG contracting activity, with over 16 mmtpa of contracts announced this year.

Research director, Mr Nicholas Browne, said that "As China pushes on towards a lower-emission economy, its demand for gas and LNG has grown significantly and we expect the trend to continue in the longer term. Other traditional major buyers, on the other hand, are facing legacy contract expiries and will be on the hunt for a mix of contracts to lower average costs and security in supply sources."

On the supply front, 2019 could be a record year for LNG project sanctions with over 220 mmtpa of gas targeting final investment decision (FID). Some of the less prepared or competitive projects will slip into 2020 and beyond, but nonetheless a bumper year beckons.

Frontrunners to get the green light include the USD 27 billion Arctic LNG-2 in Russia, at least one project in Mozambique and three in the US. Nearer to Asia, expansion and backfill projects in Australia and Papua New Guinea will also be in the running.

However, LNG suppliers will need to ensure they can meet the changing needs of major LNG buyers as they seek a variety of contracts to meet their different needs. In addition to price, factors such as contract flexibility, index, source diversification, upstream participation and seasonality will all be considerations.

Source : ET

Bijlage:

voda 17 december 2018 20:22

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Samsung Heavy bags KRW 211 billion deal for LNG carrier

Samsung Heavy Industries Co, a major shipyard in South Korea, said that it has clinched a KRW 211 billion deal to build a LNG carrier. Under the contract with an unidentified customer, Samsung Heavy will deliver the vessel by March 2021.

With the latest deal, Samsung Heavy has won deals valued at a combined USD 5.5 billion to build 45 ships in total, including 14 LNG carriers.

Source : Strategic Research Institute

Bijlage:

voda 18 december 2018 19:44

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NYK enters into more LNG vessel contracts with DGI

NYK has signed long-term contracts with Diamond Gas International Pte. Ltd (DGI), a wholly-owned subsidiary of Mitsubishi Corporation (MC) located in Singapore, for DGI to charter from NYK three newly-built liquefied natural gas (LNG) carriers. Previously, NYK had concluded long-term time-charter contracts for three new LNG vessels for MC’s Cameron LNG project; so these most recent contracts bring the total to six carriers for MC. The NYK Group will be responsible for ship management for the three ordered LNG carriers, one which is scheduled to be delivered in 2020. For about 18 years, that ship will transport LNG from the US state of Louisiana for the Cameron LNG project, in which NYK and MC both have a stake, as well as from other locations around the world.

A release said that the other two ships are scheduled to be delivered in 2021, and for about 17 years the ships will transport LNG from the LNG Canada project in British Columbia, Canada, in which MC has a stake, as well as from other locations around the world.

Source : Strategic Research Institute

Bijlage:

voda 18 december 2018 19:50

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Daewoo Shipbuilding wins LNG ship order in Oceania region

Daewoo Shipbuilding & Marine Engineering Co., the world’s second-biggest shipbuilder by sales, said that it has won a liquefied natural gas (LNG) ship order in the Oceania region. A shipper in the Oceania region placed the order to Daewoo Shipbuilding amid growing demand for LNG ships in the market, the company said in a statement. But the shipbuilder didn’t provide the name of the shipper and other details.

With the latest order, Daewoo Shipbuilding has received orders to build 44 ships valued at USD 6.4 billion so far this year, achieving 88 percent of its annual order target of USD 7.3 billion for 2018.

Source : Yonhap

Bijlage:

voda 18 december 2018 20:26

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Qatar to invest USD 20billion in US LNG projects over next 5 uears - Mr Al-Kaabi

Sputnik cited Qatari Energy Minister Mr Saad Sherida Al-Kaabi as saying that Doha intends to invest USD 20 billion in US energy projects over the next five years. Mr Al-Kaabi, who is also the president and CEO of Qatar Petroleum (QP), said at the Doha Forum, said that "We think that the US has a huge potential, and production is going forward for a very long time, and therefore we are looking to invest there. We reckon that some USD 20 billion will be invested in the next five years in the US in different projects we are working on, in different areas - in conventional and non-conventional."

According to Mr Al-Kaabi, Qatar's investments in LNG production projects in the US will allow Doha to add 60 million tons per day to its production capabilities. Qatar had previously announced the launch of four new LNG production lines by 2024, which will allow it to increase production from 77 to 110 million tonnes per year.

By the end of 2019, Washington intended to triple its LNG production from the current 3.6 billion cubic feet per day to 9.6 billion (about 99 billion cubic meters annually). In July 2018 US President Donald Trump called upon the EU leadership to bolster the number of LNG terminals in Europe to receive US super-chilled fuel.

Source : Sputnik

voda 19 december 2018 16:40

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Productie Shell-project Prelude in 2019

Gepubliceerd op 19 dec 2018 om 08:44 | Views: 1.362

Royal Dutch Shell A 16:22
25,50 +0,28 (+1,09%)

SYDNEY (AFN/BLOOMBERG) - De productie van het grote Australische Shell-project Prelude gaat volgend jaar beginnen. Dat heeft een van de partners van het project aangekondigd. Prelude is een enorm drijvend productieplatform voor vloeibaar gemaakt aardgas (lng) voor de kust van West-Australië.

Eerder werd aangenomen dat eind dit jaar zou worden begonnen met productie. Nu zou dat in het eerste kwartaal van komend jaar moeten gebeuren. Momenteel vinden voorbereidingen plaats voor het beginnen van productie. Shell bezit 67,5 procent van Prelude. Andere partners zijn Korea Gas, het Japanse Inpex en het Taiwanese CPC.

De drijvende gasfabriek heeft een lengte van 488 meter, een breedte van 74 meter en een waterverplaatsing van circa 600.000 ton, waarmee het 's werelds grootste vaartuig is. Prelude werd gebouwd in Zuid-Korea. De productiecapaciteit bedraagt 5,3 miljoen ton per jaar aan gasproducten.

voda 19 december 2018 19:03

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The LNG shipping rates to remain strong in 2019 - Braemar

Mr Evangelos Dimopoulos, Senior LNG Analyst with Braemar ACM wrote, ”The LNG shipping market has become significantly tighter compared to the last few year and spot rates have hit multi year highs in Q4 2018. Supported by healthy LNG demand and supply fundamentals and limited vessel availability in the spot market, we expect the LNG freight market in 2019 to remain strong and that trend to continue into 2020. LNG trade in 2018 looks likely to have grown by 10% compared to 2017, reaching 320 million tonnes by the end of the year. The robust LNG trade growth in 2018 reflects ongoing infrastructure expansion with a total of 32 million tonnes coming online this year mainly in the US, Australia and Russia.”

Growth of LNG trade should remain strong, increasing by a further 8% during 2019 reaching 345 million tonnes. Approximately 33 million tonnes of liquefaction capacity is expected to come online in 2019. With the destination clause removed from the LNG contracts, meaning that cargoes can be re-routed and re-exported, we expect LNG trade to become more spot based and the LNG market more liquid in the coming years.

He said that “The LNG carrier fleet continued to expand rapidly in 2018, 547 vessels of a combined 85 mn. cbm are expected to be on water by the end of the year, representing a 9% growth in carrying capacity. Contracting has also picked up during 2018 with 57 newbuild orders taking place, and attracting new players coming into the market. Forty nine vessels are expected to enter the market in 2019, with a combined carrying capacity of 7.8 mn. cbm. Fleet growth is expected to be slightly slower than global liquefaction capacity growth next year. In recent years fleet growth has remained dominated by the largest vessels of 165,000+ cbm.”

Source : Strategic Research Institute

voda 20 december 2018 19:54

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South Korean shipyards bagged over 80pct to build LNG carriers

Yonhap reported that South Korean shipbuilders have bagged over 80 percent of new orders placed around the globe this year to build liquefied natural gas carriers. According to the data, Korean shipyards clinched new orders to build 56 LNG carriers in total, which is 86 percent of total new orders placed globally so far this year to construct 65 such ships. By shipbuilder, Hyundai Heavy Industries Co, the world’s top shipyard, has clinched deals to build 25 LNG ships this year. The comparable figures for Samsung Heavy Industries Co and Daewoo Shipbuilding & Marine Engineering Co are 14 and 17.

Driven by such a sharp rise in new LNG ship orders, the country’s major shipbuilders have almost met their annual order target for the year. Hyundai Heavy has bagged orders valued at a combined USD 13.4 billion, already surpassing this year’s order target of USD 13.2 billion.

Daewoo Shipbuilding also achieved over 90 percent of its annual order goal of USD 7.3 billion and Samsung Heavy met some 67 percent of its annual order target of USD 8.2 billion.

Demand for LNG carriers has been on a steady increase due to a rise in LNG demand in line with eco-friendly policies in China and the proactive push for energy exports by the United States.

Source : Yonhap

voda 20 december 2018 19:55

1

South Korea's LNG imports to hit record high over 42 million tonne in 2018

Reuters reported that South Korea's imports of liquefied natural gas are set to reach an all-time high over 42 million tonnes in 2018 thanks to robust power generation demand, but next year's shipments are likely to ebb on increased coal and nuclear power. South Korea, the world's No.3 LNG importer after Japan and China, typically takes between 33 million and 37 million tonnes of LNG a year, mainly for heating, power generation and cooking. This year, a volume of 42.8 million tonnes of LNG is the expected intake, up 13.8 per cent from 37.6 million tonnes last year, according to ship-tracking data from Refinitiv Eikon. That would top 2013 LNG import levels of nearly 40 million tonnes, the country's customs data showed. That was the year South Korea faced a series of nuclear reactor shutdowns due to a safety scandal over faulty parts, which led to an increase in gas power generation.

Shin Ji-yoon, an analyst at KTB Investment & Securities in Seoul, said that "Gas usage for power generation sharply rose this year because the country's nuclear utilization rate was the lowest so other power sources like gas had to fill the void."

In the six months of the year, an average of almost half of the country's 24 nuclear reactors were offline for planned maintenance, according to Reuters calculations based on data from state-run Korea Hydro & Nuclear Power Co. As of now, six reactors are shut down.

According to the Korea Hydro & Nuclear Power data, South Korea's nuclear utilization rates dropped to just 63.6 per cent for the first three quarters of 2018, the lowest rate ever.

Source : Reuters

Bijlage:

voda 21 december 2018 17:13

1

Poland seeks contractor for LNG terminal to 50pct expansion by 2021

Reuters reported that the operator of Poland's only liquefied natural gas terminal tendered for a contractor to oversee a 50 percent expansion in its capacity by 2021. Mr Pawel Jakubowski, chief executive of operator Polskie LNG, told a news conference "The demand for natural gas in central and eastern Europe has increased. This is why we see the need to expand the terminal."

Jakubowski declined to provide details on the costs of the expansion.

Poland opened the terminal in 2016 as part of plans to reduce its reliance on imported Russian gas which at the time accounted for more than half of Poland's consumption. Annual capacity at the terminal at Swinoujscie on the Baltic Sea is to be expanded to 7.5 billion cubic metres (bcm) from 5 bcm and will be able to cover around half of Poland's domestic gas consumption.The terminal is used by state-run energy firm PGNiG, which currently uses almost all of its capacity.

Source : Reuters

voda 24 december 2018 15:07

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RWE's signs second LNG supply deal with Australia's Woodside

Reuters reported that Australian oil and gas group Woodside Petroleum will supply more liquefied natural gas to RWE under a new deal signed with the utility. RWE said that under the deal, the second with Woodside, deliveries will run from the fourth quarter of 2020 to December 2022 and will be sold under the Free on Board formula, meaning the seller pays for loading and the buyer pays other costs. Woodside agreed last year to deliver up to 12 cargoes of LNG between April 2018 and March 2020 to the German utility.

RWE said, without disclosing the size of the volumes, the primary source of LNG for the new agreement will be from volumes Woodside contracted from the Corpus Christi LNG Project in Texas.

Mr Andree Stracke, RWE's chief commercial officer for supply and trading, said the deal "represents another key building block in the further development of RWE's flexible LNG portfolio."

German utilities, gas suppliers and logistics companies are looking at reviving years-old plans to build an LNG import terminal as part of a bid to diversify away from pipeline gas arriving from Russia, Norway and the Netherlands.

Source : Reuters

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