Germany charters 2 Dynagas FSRUs to replace 30% of Russian gas imports

Dynagas LNG Partners LP

05/05/2022 15:26

OSLO, May 5 (Reuters) - Germany will charter two large
floating storage and regasification units (FSRUs) from
Greece-based Dynagas  DLNG.N , which can replace 30% of its
current Russian gas imports, utility Uniper  UN01.DE , which
facilitated the deal, said on Thursday.
    The FSRUs Transgas Force and Transgas Power, built in 2021,
each have a total natural gas-send-out capacity of up to 7.5
billion cubic metres (bcm) per year and capacity to store
174,000 cubic metres of liquefied natural gas (LNG), Uniper said
in a statement. 
    The combined capacity is roughly equivalent to 30% of
Russian gas imports into Germany, with the FSRUs to go into
operation in early 2023, it added.
    First gas send-out depends on the completion of the onshore
installations at the sites selected by the German government,
Uniper said.
    Europe's biggest economy currently relies on piped Russian
gas for almost a third of its supply, imports of which totalled
142 billion cubic metres (bcm) in 2021. 
    The FSRUs will allow Germany to begin importing liquefied
natural gas (LNG) as the country lacks a terminal to receive
such cargoes.
    Germany on Thursday also signed a binding agreement to
charter two FSRUs from Norwegian vessel operator Hoegh LNG for a
10-year term in a deal facilitated by utility RWE  RWEG.DE .
 urn:newsml:reuters.com:*:nL5N2WJ2GN  urn:newsml:reuters.com:*:nL2N2WX0IV
    The Economy Ministry last weekend said it wanted four FSRUs
to speed the diversification of the country's energy in the wake
of Russia's invasion of Ukraine.
    

 (Reporting by Nora Buli in Oslo; Editing by Nick Macfie)
 ((Nora.Buli@thomsonreuters.com; (+47) 21 04 05 56; Reuters
Messaging: nora.buli.thomsonreuters.com@reuters.net))