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Germany looking at repurposing unused Nord Stream 2 pipeline for LNG use -report

BERLIN (Reuters) - The German government is considering converting parts of the Nord Stream 2 gas pipeline into a connection for a liquefied natural gas terminal on the Baltic Sea...
Germany looking at repurposing unused Nord Stream 2 pipeline for LNG use -report © Reuters. FILE PHOTO - Pipes at the landfall facilities of the 'Nord Stream 2' gas pipeline are pictured in Lubmin, Germany, March 7, 2022. REUTERS/Hannibal Hanschke

BERLIN (Reuters) - The German government is considering converting parts of the Nord Stream 2 gas pipeline into a connection for a liquefied natural gas terminal on the Baltic Sea coast.

Magazine Der Spiegel reported on Friday that the German economy ministry is considering expropriating the part of the pipeline system located on German territory and cutting it off from the rest of the pipeline. The report did not cite any sources.

Russia said it would be a matter for lawyers if Germany took such steps.

Russian gas giant Gazprom (MCX:GAZP) completed the Nord Stream 2 pipeline, which was designed to double the flow of Russian gas direct to Germany, at the end of last year but it has yet to be used. German Chancellor Olaf Scholz announced it would not go into operation after relations with Moscow broke down ahead of Russia's invasion of Ukraine.

Flows of natural gas from Russia have been declining for weeks, and Germany, mindful of the risk of economically damaging energy shortages, is looking for emergency landing locations for liquefied natural gas bought on the world spot market.

Germany has chartered four specialised carriers, so-called FSRUs, to regasify LNG at sea and feed it into onshore pipeline systems.

A Baltic Sea landing site to complement those at Wilhelmshaven and Brunsbuettel on the North Sea, would expand capacity.

Eastern and southern Germany are especially dependent on Russian pipeline gas and would benefit from the diversification, Spiegel said.

Onshore pipelines that would have carried Nord Stream 2 gas could be repurposed.

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BROKERS ĐƯỢC CẤP PHÉP
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03-07-2022 05:38:37 (UTC+7)

EUR/USD

1.0429

-0.0053 (-0.51%)

Summary

Neutral

Moving Avg:

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Indicators:

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EUR/USD

1.0429

-0.0053 (-0.51%)

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Neutral

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GBP/USD

1.2098

-0.0076 (-0.63%)

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↑ Buy

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USD/JPY

135.21

-0.52 (-0.39%)

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AUD/USD

0.6816

-0.0085 (-1.23%)

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USD/CAD

1.2888

+0.0015 (+0.12%)

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EUR/JPY

140.98

-1.29 (-0.91%)

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EUR/CHF

1.0007

-0.0002 (-0.02%)

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Gold Futures

1,812.90

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Silver Futures

19.823

-0.529 (-2.60%)

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Copper Futures

3.6138

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Crude Oil WTI Futures

108.46

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111.48

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US Coffee C Futures

223.95

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Euro Stoxx 50

3,448.31

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S&P 500

3,825.33

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DAX

12,813.03

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FTSE 100

7,168.65

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Hang Seng

21,859.79

-137.10 (-0.62%)

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Sell

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US Small Cap 2000

1,727.76

+19.77 (+1.16%)

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IBEX 35

8,176.10

+77.40 (+0.96%)

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BASF SE NA O.N.

41.270

-0.255 (-0.61%)

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↑ Buy

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Bayer AG NA

57.35

+0.63 (+1.11%)

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↑ Buy

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Allianz SE VNA O.N.

182.00

-0.12 (-0.07%)

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↑ Sell

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Adidas AG

167.64

-1.12 (-0.66%)

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Deutsche Lufthansa AG

5.566

+0.002 (+0.04%)

Summary

↑ Sell

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Siemens AG Class N

96.00

-1.09 (-1.12%)

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8.053

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 EUR/USD1.0429Neutral
 GBP/USD1.2098↑ Buy
 USD/JPY135.21↑ Sell
 AUD/USD0.6816↑ Sell
 USD/CAD1.2888Buy
 EUR/JPY140.98Neutral
 EUR/CHF1.0007↑ Sell
 Gold1,812.90↑ Buy
 Silver19.823↑ Buy
 Copper3.6138Neutral
 Crude Oil WTI108.46↑ Sell
 Brent Oil111.48↑ Sell
 Natural Gas5.620↑ Sell
 US Coffee C223.95↑ Sell
 Euro Stoxx 503,448.31↑ Buy
 S&P 5003,825.33↑ Buy
 DAX12,813.03Buy
 FTSE 1007,168.65↑ Buy
 Hang Seng21,859.79Sell
 Small Cap 20001,727.76↑ Buy
 IBEX 358,176.10↑ Buy
 BASF41.270↑ Buy
 Bayer57.35↑ Buy
 Allianz182.00↑ Sell
 Adidas167.64↑ Sell
 Lufthansa5.566↑ Sell
 Siemens AG96.00↑ Buy
 Deutsche Bank AG8.053↑ Buy
Mua/Bán 1 chỉ SJC
# So hôm qua # Chênh TG
SJC Eximbank6,800/ 6,860
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SJC HCM6,820/ 6,880
(0/ 0) # 1,766
SJC Hanoi6,820/ 6,882
(0/ 0) # 1,768
SJC Danang6,820/ 6,882
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SJC Nhatrang6,820/ 6,882
(0/ 0) # 1,768
SJC Cantho6,820/ 6,882
(0/ 0) # 1,768
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Cập nhật lúc 18:49:42 02/07/2022
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