In the LNG process, export facilities take natural gas via pipelines and cool it to minus-260 degrees Fahrenheit. Reuters reported last week that RWE officials said Germany hopes to become independent of Russian gas within three years “if we expand quickly” by building new LNG import infrastructure and transport pipelines.Īndree Stracke, CEO of RWE Supply & Trading said the partnership with Sempra “can contribute largely to securing significant LNG volumes for the RWE portfolio on a long-term basis.” LNG companies have responded by exporting record volumes to the European Union.
Since the Kremlin’s invasion of Ukraine in February and subsequent economic sanctions against Russia, supplies have tightened even more and U.S. Countries throughout Europe are heavily reliant on natural gas from Russia to heat their homes and supply electricity.
