E.ON is Planning its First German LNG Project in Wilhelmshaven

abarrelfullabarrelfull wrote on 29 Feb 2012 10:17

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E.ON is planning construction of the first liquefied natural gas (LNG) landing terminal in Germany. With its majority share in DFTG Deutsche Flüssigerdgas Terminal Gesellschaft, the Group company E.ON Ruhrgas already has a suitable location available in Wilhelmshaven. In a first step, a feasibility study will be made to examine the technical and economic conditions for construction of the plant. According to initial calculations, investments shall amount to approx. EUR 500 million.

In the Wilhelmshaven terminal, LNG transported by tanker is to be converted back into gas and fed into the German transmission grid. This option would make it possible to receive up to 10 billion m³ of natural gas annually by the end of the decade. The volume corresponds to the gas requirements of almost 3 million households.

Potential LNG supply sources for Europe are the Middle East as well as western and northern Africa. Already today, LNG is delivered from these regions mainly to Japan, Korea, Australia, the US as well as countries in the Mediterranean. LNG is becoming increasingly important for European gas supplies, as gas demand in Europe will continue to rise while European gas production is declining.

The planned inclusion of LNG imports in E.ON's gas supply portfolio is in line with its strategy which aims to establish an even broader basis for the Group's gas supplies. Most of the gas supplied by E.ON Ruhrgas comes from sources in Russia, Norway and the Netherlands.

Wulf H. Bernotat, Chairman of the E.ON Executive Board, states: "LNG is a promising option allowing us to tap new natural gas sources. With the planned terminal in Wilhelmshaven, Germany could be connected to the growing world-wide LNG market. With this investment we want, above all, to enhance long-term supply security."

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