BRUSSELS (ANP) – The European Commission has approved the construction, financing and operation of a new liquefied natural gas terminal in Germany, in which the Netherlands will participate. In addition to Gasunie, which is wholly owned by the state, Germany’s Kreditanstalt für Wiederaufbau (KfW) is investing money in the terminal near Hamburg.
At the beginning of March, the German state investment bank and Gasunie signed a letter of intent on construction. The liquefied gas (LNG) terminal at Brunsbüttel, at the mouth of the Elbe River, will be operated by Gasunie after construction. The terminal is designed to be suitable for importing hydrogen and by-products such as ammonia in addition to LNG. In doing so, he must also be prepared for the energy transition.
According to the European Union Daily, the acquisition does not distort competition because the companies have no overlapping activities in the European Economic Area, which is made up of 27 EU countries plus Liechtenstein, Norway, Iceland and Switzerland.
Minister Sigrid Kaag (Finance) said earlier that with the new terminal, Gasoni “makes an important contribution to ensuring European security of gas supplies” and reducing dependence on Russian gas.
