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German Economy Minister Says Invited US LNG Exporters To Investment Conference In Germany

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German Economy and Energy Minister Peter Altmaier announced on Tuesday that he had invited US liquefied natural gas (LNG) exporters to an investment conference in Germany in February to discuss conditions for potential supplies of US gas to the country

MOSCOW (UrduPoint News / Sputnik – 22nd January, 2019) German Economy and Energy Minister Peter Altmaier announced on Tuesday that he had invited US liquefied natural gas (LNG) exporters to an investment conference in Germany in February to discuss conditions for potential supplies of US gas to the country.

Altmaier noted that the German government was now mulling over the creation of special terminals in the country, which would allow Germany, if necessary, to store the US liquefied gas.

“We are engaged in dialogue with [the German cities of] Brunsbuettel, Wilhelmshaven and Stade [regarding the construction of the terminals]. I invited [the cities’ representatives] an this is an exclusive to an investment conference with the participation of US LNG exporters in February to discuss our expectations, prices that they can offer, how we can expand such infrastructure [for LNG storage],” Altmaier said at an energy conference organized by the German Handelsblatt newspaper.

The announcement comes amid mounting opposition of some countries to Russia‘s Nord Stream 2 gas pipeline project, which is set to deliver around 55 billion cubic meters (almost 2 trillion cubic feet) of Russian gas directly to Germany and other European states via two twin pipelines laid at the bottom of the Baltic Sea.

Ukraine, in particular, has voiced concerns that it might lose its revenues from the transit of Russian gas to Europe.

The United States have repeatedly called on Germany and other countries engaged in the construction of the pipeline to abandon the project, which, they claim, threatens Europe‘s security. Russian officials, in turn, have pointed out that Washington was trying to browbeat Berlin into buying the US natural gas, which is more expensive than the Russian one.

German Chancellor Angela Merkel, in turn, repeatedly stressed that Berlin considered the pipeline a commercial project. Russia too insists that the Nord Stream 2 project is completely commercial and competitive and does not imply that the transit of Russian gas to the European Union through Ukraine will be terminated.



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