LIVE TV
ZEE Business
ZEE BUSINESS
हिंदी में पढ़ें  हिंदी में पढ़ें
Live TV
Live TV
  • Home
  • Budget 2021
  • Personal Finance
    • PPF
    • Mutual Funds
    • Income tax
    • EPFO
    • Income Tax Calculator
    • Personal Loan Calculator
    • Car Loan Calculator
    • Home Loan Calculator
    • SIP calculator
    • SWP Calculator
    • MF Returns Calculator
    • Lumpsum Calculator
  • India
    • Companies
    • Property
    • Startups
    • Uidai
  • Economy
    • Aviation
  • Tech
    • Mobiles
    • Apps
  • Auto
    • Cars
    • Bikes
  • Markets
    • Commodities
    • Currency
  • Jobs
  • Indian Railways
  • World
    • Economy
    • Politics
    • Markets
  • videos
  • photos
  • Authors
  • More ...
    • VIDEOS
    • PHOTOS
Read in App
Business News » World News

Germany to build LNG plant in 'gesture' to U.S. drive to sell more

  • Twitter
  • Facebook
  • Linkedin
  • whatapp
  • View in App
Updated: Tue, Sep 18, 2018
10:45 pm
Reuters
RELATED NEWS
Infosys Chairman Nandan Nilekani on India's Digital Economy I Kotak Institutional Equities highlights details Infosys Chairman Nandan Nilekani on India's Digital Economy I Kotak Institutional Equities highlights details
Digital economy to outpace GDP growth, will result in 'competitive advantage period' for leaders in digital space highlights ICICI Securities Digital economy to outpace GDP growth, will result in 'competitive advantage period' for leaders in digital space highlights ICICI Securities
#GSTMakeItEasy: Facing GST related issues? Big initiative by Zee Business - Tweet your problems now! Check all details here #GSTMakeItEasy: Facing GST related issues? Big initiative by Zee Business - Tweet your problems now! Check all details here
India’s economy picking up steam, estimate recovery at 10% in FY22: S&P Global India’s economy picking up steam, estimate recovery at 10% in FY22: S&P Global
RBI Monetary Policy: Governor Das says repo rate unchanged, sees GDP at 10.5 pct for FY22, inflation at 5.4 pct for Q4FY21 RBI Monetary Policy: Governor Das says repo rate unchanged, sees GDP at 10.5 pct for FY22, inflation at 5.4 pct for Q4FY21

Germany will chose where to build a liquefied natural gas (LNG) terminal by the end of 2018 as a gesture to the United States which wants to ship more gas to Europe, the economy minister said on Tuesday.

In a bid to deter U.S. President Donald Trump from imposing hefty new trade tariffs on European Union goods, the EU said in July it would work to increase imports of U.S. soybeans and LNG.

Trump wants U.S. LNG to compete with Russian natural gas exports in Europe. He has accused Germany of being a "captive" to Moscow because of its heavy reliance on Russian gas and has called for Berlin to drop support for the $11 billion Nord Stream 2 pipeline plan to pump more gas from Russia to Germany.

"This is a gesture to our American friends," Peter Altmaier said of plans to decide on a site for the LNG terminal.

"We have three competing cities and we will take a decision before the end of the year," he said after meeting Maros Sefcovic, the European Commission vice president and EU energy chief.

But Altmaier said the LNG plan was not related to Germany`s support for Nord Stream 2, which he told reporters was "a project that has a long life already and much money has been invested."

At talks in Brussels, Altmaier and Sefcovic discussed the future of gas transit via Ukraine, the traditional route for Russian gas supplies that make up more than a third of EU needs.

Critics of the Nord Stream 2 pipeline say it will deprive Ukraine of lucrative gas transit fees and increase dominance of Russian gas monopoly Gazprom.

Altmaier repeated Germany`s request for Moscow to continue to send "substantial" supplies via Ukraine after their contract expires in 2019 but did not put a figure on volumes.

Sefcovic said volumes had to be substantial enough to pay for maintenance of Ukraine`s gas pipeline infrastructure.

He also said the United States had to do more to make its gas exports competitive on European markets.

German firms are considering building an LNG terminal as gas demand rises in Europe and the Netherlands, one of Germany`s crucial suppliers which is winding down its giant Groningen field and plans to close it in 2030.

German utility Uniper said on Monday it was ready to import LNG and distribute it should a terminal be built at Wilhelmshaven, close to its storage facilities.

(This article has not been edited by Zeebiz editorial team and is auto-generated from an agency feed.)

Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.

TAGS:
Economy
RELATED NEWS
Infosys Chairman Nandan Nilekani on India's Digital Economy I Kotak Institutional Equities highlights details Infosys Chairman Nandan Nilekani on India's Digital Economy I Kotak Institutional Equities highlights details
Digital economy to outpace GDP growth, will result in 'competitive advantage period' for leaders in digital space highlights ICICI Securities Digital economy to outpace GDP growth, will result in 'competitive advantage period' for leaders in digital space highlights ICICI Securities
#GSTMakeItEasy: Facing GST related issues? Big initiative by Zee Business - Tweet your problems now! Check all details here #GSTMakeItEasy: Facing GST related issues? Big initiative by Zee Business - Tweet your problems now! Check all details here
India’s economy picking up steam, estimate recovery at 10% in FY22: S&P Global India’s economy picking up steam, estimate recovery at 10% in FY22: S&P Global
RBI Monetary Policy: Governor Das says repo rate unchanged, sees GDP at 10.5 pct for FY22, inflation at 5.4 pct for Q4FY21 RBI Monetary Policy: Governor Das says repo rate unchanged, sees GDP at 10.5 pct for FY22, inflation at 5.4 pct for Q4FY21

LATEST NEWS

Post Office Schemes: Good news for savings account holders! Withdrawal limit hiked from Rs 5,000 to Rs 20,000 at these branches

Airbag for front-seat passenger made mandatory from THIS date

7th Pay Commission: Central Government Employees' Dearness Allowance (DA) to become 25 pct from April 2021?

Gold Price Outlook – Gold, Silver prices may see further fall next week; expert tells what to do to maximise gains

7th Pay Commission latest news today: Big Holi gift for Central government employees! Center issues this notification on 7th CPC leave rule

AISSEE 2021: NTA released answer key for the exam at aissee.nta.nic.in; See where to download and all other details here!

CBSE Class 10, Class 12 date sheet revised—check new time table, instructions here

Aadhaar card-based driving licence service: Check step by step guide to renew your driving licence online without going to RTO

Samsung Galaxy XCover 5 rugged smartphone launched: Check price, availability and other details here!

Karnataka SSLC Exam 2021: Board releases new date sheet; exams to start from 21 June; See subject-wise timetable HERE!

  • India News
  • World News
  • Companies News
  • Market News
  • Personal Finance News
  • Technology News
  • Automobile News
  • Small Business News
  • Income Tax Calculator
  • Live TV
  • Videos
  • Photos
  • Author
  • Rss Feed
  • Advertise with us
  • Privacy Policy
  • Legal Disclaimer

Latest Trending Updates

  • EPFO
  • Budget 2020
  • Income Tax Return
  • Auto Expo 2020
  • Home Loan
  • Business News

Trending Topics

  • Income Tax
  • income Tax Calculator
  • 7th Pay Commission
  • Reserve Bank of India
  • GST
  • Latest Business News

Follow us on

zeebiz
zeebiz

Partner Sites

  • Zee News
  • Hindi News
  • Marathi News
  • Bengali News
  • Tamil News
  • Malayalam News
  • Gujarati News
  • Telugu News
  • Kannada News
  • DNA
  • WION
Copyright © Zee Media Corporation Ltd. All rights reserved