German State Gas Company Seeks Expansion Before Privatization

📆 19/9/2024 3:47 PM
📰 OilandEnergy

⏱ Reading Time:
36 sec. here
11 min. at publisher
📊 Quality Score:
News: 49%
Publisher: 68%

SEFE News

Germany,Natural Gas,LNG

Germany's energy company SEFE is securing long-term natural gas supplies through LNG deals with various countries in preparation for privatization before 2030.

Securing Energy for Europe, or

is the entity that the German government created after the nationalization of Gazprom’s German business soon after Russia invaded Ukraine in 2022. For most of that year, Europe’s biggest consumer of Russian gas struggled to secure enough supply and ended up with also signed a big, long-term deal with Norway’s Equinor. Worth some $55 billion, the deal would see Equinor supply the German state firm with 10 billion cu m of natural gas annually over the period between 2024 and 2034. There is also an option for another five years of supply. This year, another LNG deal followed, this time with Emirati Adnoc. This one is for 1 million tons of liquefied natural gas, delivered annually for a period of 15 years.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

Write Comment

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Blantyre gas company welcomes pupils for industry insightStudents from four schools in Hamilton and East Kilbride took part in the workshops marking Gas Safety Week.
Source: Daily_Record - 🏆 9. / 89 Read more »

Gas Company Launches Safety Operation After Air Leak From Hydrogen ExperimentA gas company in Scotland had to launch a major safety operation after air leaked into pipes from an offshore hydrogen experiment, putting thousands of homes at risk.
Source: Daily_Record - 🏆 9. / 89 Read more »