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German LNG Imports Slip into June

LNG

Germany's SEFE has agreed to buy 3 Bcm/year of LNG from US Venture Global for 20 years, a major long-term deal to secure supply for the new importer.

  • Germany started importing LNG at the end of 2022 as it looked for ways to cope without Russian piped supplies which it was heavily reliant on before Nord Stream was blown up.
  • Germany currently has three active LNG import terminals, at Wilhelmshaven, Lubmin and Brunsbuttel. The Wilhelmshaven terminal, the first to start operating, has taken the most supplies so far according to ICIS.
  • Most of the supplies to Germany so far have come from the US, although there has also been LNG from Egypt, Angola, Trinidad and the UAE.

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