The company intends to use its Wilhelmshaven regasification terminal fast-track LNG imports into Europe.
The 2022 open season will be launched at the end of May 2022 to allocate the LNG regasification capacity available from the end of 2022 to 2047.
Lithuania have completely abandoned Russian gas imports in response to the war in Ukraine and the resulting energy crisis in Europe.
Milbank have advised OMERS Infrastructure in sale of joint stake in GNL Quintero, the largest LNG terminal in Chile.
The terminal’s regasification capacity for this gas year is fully booked, partly in response to the rising uncertainty due to Russia’s attack on Ukraine.
Cheniere and Engie increase volume and extend term of LNG sale and purchase agreement, meaning that the new terms of their agreement will stretch beyond 2040.
Following new government guidance, Shell has started a phased withdrawal from Russian LNG, whilst also donating profits from remaining Russian oil to humanitarian agencies to support Ukraine.
Ed Cox, Head of Global LNG at the Independent Commodity Intelligence Services (ICIS), discusses the options available to Europe in moving away from Russian gas, namely to the use of LNG.
With the Russia-Ukraine conflict causing major concerns over energy security issues, GIIGNL are mobilising to ensure stable, affordable, and flexible access to LNG imports.