RWE keeps German LNG door open
Utility still sees at least a short-term need for gas even as Vopak steps back from proposed import terminal
German utility RWE has set itself a new target of 50GW of low-carbon generation capacity by 2030. But it still sees a role for gas-fired power and for LNG in the coming years. And that could be good news for the proposed 5mn t/yr German LNG import terminal, in which RWE has signed up to take a “significant part of the capacity”. The project was buffeted at the end of last week by one of its three shareholders, Dutch tank storage heavyweight Vopak, taking a step back from the project. “With the simultaneous exit from coal and nuclear energy, the need for additional capacity is particularly high,” says RWE CEO Markus Krebber. “Studies show that power plants with a total capacity of 20-40GW wil

Also in this section
1 May 2025
The NOC’s dire financial situation and maturing fields has left the authorities with little choice but to reduce crude expectations
30 April 2025
With a new board appointed to lead NNPC and moves by President Tinubu to exert control in the Delta region, there is renewed hope the country will be able to turn the corner and rebuild production to former peaks
30 April 2025
While economic weakness and the electric vehicles trend have hit oil demand growth, petrochemicals and jet fuel show more nuanced changes across the barrel
30 April 2025
The company will use methane-rich gas produced from local coal to temporarily replace lost supplies from Mozambique