Sign up now for FREE unlimited access to Reuters.com Register BERLIN, May 1 (Reuters) – Germany wants to build four instead of three floating storage and regasification units (FSRUs) as it seeks to replace Russian gas with liquefied natural gas (LNG) that can be sourced from many countries, it said. Ministry of Economics. on Sunday. The government of Chancellor Olaf Solz is looking for alternatives to deliveries of gas pipelines from Russia with the aim of reducing imports to zero in two years. President Vladimir Putin’s decision to invade Ukraine shattered the decades-long belief in Germany that economic cooperation with Russia would ensure peace in Europe. Sign up now for FREE unlimited access to Reuters.com Register Solz rejected calls for an immediate reduction in Russian gas imports despite criticism that they were helping to finance Russia’s war in Ukraine, saying such a drastic measure would hurt the European Union more than Russia. The Treasury Department said in a progress report that work on the first FSRU in Wilhelmshaven would begin soon and it should be ready to refuel the superheated LNG this year. The second floating facility will be built in Brunsbuettel, northwest of Hamburg, and will be operational next year. Utilities RWE (RWEG.DE) and Uniper (UN01.DE) have secured contracts for the construction of the FSRU for which the government has allocated € 2.94 billion ($ 3.10 billion). The ministry said the northern cities of Stade, Rostock and Hamburg, as well as Eemshaven in the Netherlands, were possible locations for the other two FSRUs. Moscow’s invasion of Ukraine has boosted energy prices and fueled fears of a diet and blackouts. The mayor of Hamburg told the Welt am Sonntag newspaper that the city was planning a temporary LNG terminal that would be operational by the end of the year with a capacity of 8 billion cubic meters per year. Scholz rejected economists who said Germany could face a shutdown of Russian gas. The Universities of Bonn and Cologne said in a joint study that German production would fall between 0.5% and 3% in the short term, compared with 4.5% in 2020 due to the pandemic, which makes the effects of a shutdown “substantial”. but handy “. (1 $ = 0.9488 euros) Sign up now for FREE unlimited access to Reuters.com Register Report by Andreas Rinke. Writes Joseph Nasr. Edited by Hugh Lawson and Barbara Lewis Our role models: The Thomson Reuters Trust Principles.
