French energy major TotalEnergies SE is in talks with Germany on helping the country import more liquefied natural gas this year.
TotalEnergies is looking to provide one of its two floating storage and regasification units -- specialized vessels that can act as LNG terminals -- to Deutsche ReGas, which is developing an import terminal at the port of Lubmin in northeast Germany, TotalEnergies said in a statement. The hub is also where the Nord Stream gas pipelines from Russia make landfall, and whose facilities could be used to carry supplies from the new LNG unit to Germany’s onshore network.
The FSRU, called “German Baltic Sea,” will have a maximum capacity of 5 billion cubic meters a year, or more than 5% of Germany’s annual consumption. It will start transporting 4.5 billion cubic meters a year from Dec. 1, Deutsche ReGas said in its statement.
“TotalEnergies supports Germany in terms of European cooperation on its way to independence of Russian natural gas by supplying it to Deutsche ReGas,” the German company said.
Germany’s efforts to diversify suppliers this year have already slashed the nation’s reliance on Russian gas, which now makes up about 25% of Germany’s total gas imports from 45% in mid-May, according to Deutsche Bank AG.
TotalEnergies is already working with the French government to install the company’s other floating LNG terminal in Le Havre, France, with the aim to have it connected to the French gas network in September next year, pending regulatory approvals.