Wednesday, June 27, 2007
Wilhelmshaven energy plant for German power pair.
June 27, 2007
Lloyd's List
GERMAN utility RWE has announced plans for an liquefied natural gas terminal in Wilhelmshaven, working together with Excelerate Energy from the US and crude oil importer Nord-West Oelleitung,writes Katrin Berkenkopf Cologne.
It would be the second terminal for the German North Sea port, as competitor Eon presented its plans in late 2005.
Both utilities — the leading power and gas suppliers in Germany — have strongly expanded their LNG business in the recent past. RWE, for example, is working together with Excelerate in Teesside and has a memorandum of understanding for further co-operation in European projects.
The RWE plans for Wilhelmshaven are obviously still at a very early stage. The group did not name an investment volume, but said that technical requirements and economic prospects will be evaluated over the coming months.
It also admitted that it has not received planning approval from all necessary authorities.
The facility could have the capacity to feed up to 600,000 cu m of regasified LNG into the German grid when it comes on stream in late 2010, the group said.
It should make use of Excelerate's GasPort technology.
“It is our aim to significantly strengthen our position in the gas business and to ensure Germany has access to multiple sources of gas,” said RWE chief executive Harry Roels.
