Germany's SEFE May Keep Some Russia LNG in EU on Shipping Costs bnnbloomberg.ca - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bnnbloomberg.ca Daily Mail and Mail on Sunday newspapers.
Fresh from clinching a 50-billion-euro ($54.43 billion) pipeline gas deal in Norway last month, Germany s SEFE is looking for more suppliers to offer liquefied natural gas (LNG) for its customers, its CEO told Reuters on Thursday.
Undoubtedly the long-term nature of the new deal increases security of Germany’s gas supplies significantly and reduces reliance on LNG imports and the spot market, which are subject to market volatility and higher prices. It is a return to supply stability.
SynopsisEquinor and SEFE forge an extensive energy alliance, with Equinor set to supply Germany’s SEFE with 111 terrawatt hours of natural gas annually until 20