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Scholz announced progress in OAU LNG talks

Photo: RWE

The situation with Germany’s energy dependence on one supplier “will certainly never happen again,” the Chancellor stressed.

German authorities have made “progress” in negotiations with the United Arab Emirates (UAE) on the supply of liquefied natural gas (LNG) and diesel fuel. This was announced by German Chancellor Olaf Scholz during a visit to Abu Dhabi on Sunday, September 25.

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According to Scholz, Germany wants to further develop cooperation with the UAE in the energy sector. According to him, some projects for the supply of diesel fuel and LNG “are already at an advanced stage.”

“We need to ensure that the world’s LNG production is developed to an extent that the current high demand can be met without using the production capacity that exists in Russia,” the chancellor said during a two-day visit to the Gulf. countries including industry leaders Germany. The UAE ranks seventh in the world in terms of gas reserves.

The situation with Germany’s energy dependence on one supplier “will certainly never happen again,” Scholz stressed. Before the start of the Russian invasion of Ukraine, Germany received 55% of its gas from Russia. Today, these deliveries have almost stopped.

Germany is actively building infrastructure for LNG imports. In early September, the German Ministry of Economy announced the imminent commissioning of six mobile terminals for receiving LNG. When fully loaded, they can supply Germany with around 30 billion cubic meters of gas per year. In 2021, gas consumption in Germany will reach approximately 90 billion cubic meters.

It will be remembered that from the beginning of 2022, the EU has received more than 40 billion cubic meters of gas in the form of LNG from the United States, which is almost twice as much as the total of the previous year.

Source: Deutsche Welle Russian Service

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