The first shipment of Australian liquefied gas arrives in Europe
Australian energy giant Woodside has shipped its first shipment of LNG, liquid natural gas, directly to Europe, Reuters said, adding that the 75,000-ton cargo was bought by Germany's Uniper, which is struggling to get adequate supplies.
“We continue to work to ensure the necessary gas supply to Europe from reliable sources such as Australia, thus helping to strengthen security of supply during the current crisis triggered by the Russian war,” said Uniper's LNG sector head, as reported by Reuters.
The liquefied gas comes from the North West Shelf project in Western Australia.” Events throughout 2022 have demonstrated that the world cannot take affordable and reliable energy supplies for granted, particularly as we strive to decarbonize,” said Woodside Executive Vice President Mark Abbotsford.
“In these times it is more important than ever that buyers and sellers work together to respond flexibly to market dynamics. Our relationship with Uniper is an example of this collaboration”. The delivery of a cargo of North West Shelf LNG to Europe also highlights the role Australian LNG can play in supporting global energy security,” Abbotsford said.
Europe is looking for supplies of LNG around the world in the absence of Russian pipeline flows, with Germany particularly focused on the task of minimizing and eventually eliminating its dependence on Russian gas altogether.
This has pushed the country's, and the EU's, gas bill much higher than normal and sparked protests from more than half of EU governments. The protests led to calls for a price cap on gas imports, but an agreement on such a cap is currently proving elusive.
The fact that Germany is willing to import LNG from Australia, especially at a time when inflation in that market is already high, illustrates the plight of energy supply in Europe's largest economy, even though this year storage facilities are full after a longer than usual supply season.
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The article The first shipment of Australian liquefied gas arrives in Europe comes from Scenari Economici .
This is a machine translation of a post published on Scenari Economici at the URL https://scenarieconomici.it/gas-dall-australia/ on Mon, 28 Nov 2022 20:50:45 +0000.