Uniper Gets Green Light to Start Constructing German LNG Terminal
July 04 2022 - 9:05AM
Dow Jones News
By Ed Frankl
Uniper SE said Monday that regional authorities in Germany have
given the go-ahead for the construction of a liquefied natural gas
terminal on the North Sea coast, as the country seeks to curb its
dependence on Russian gas.
Authorities in the northern German city of Oldenburg gave Uniper
permission in a fast-tracked process to start building a LNG
terminal in the town of Wilhelmshaven, the energy company said.
Construction can start immediately, with commissioning of the
terminal aimed for this winter, it said.
The terminal is expected to handle up to 7.5 billion cubic
meters of natural gas per year, about 8.5% of Germany's current gas
demand per year, Uniper said.
The planning, approval and construction has been at eight times
the normal speed, according to the Environment Minister of Lower
Saxony, Olaf Lies, after Uniper submitted an application for the
required permit in early June.
Uniper will build and operate the terminal, it said.
Earlier Monday, a report from Reuters said the German government
is looking into rescue measures for struggling Uniper, including a
potential bailout, as part of its updated energy-security law.
Write to Ed Frankl at edward.frankl@dowjones.com
(END) Dow Jones Newswires
July 04, 2022 09:50 ET (13:50 GMT)
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