I think I can say that the opening of this LNG terminal is a historic moment for the Czech Republic. We will take it on the long road to energy independence from Russia, Prime Minister Petr Fiala said at the commissioning ceremony.
Don’t look at that sheep. We deal with other companies and importers. We are talking about the possibility of building or leasing additional terminals, especially in Germany and Poland. The Czech government is taking precautions to minimize the wolf’s impact on our households and businesses, as well as the European Union, he added.
The terminal consists of two ships anchored in the river Eme to the North Sea. Tankers with liquefied natural gas, cooled to -162 degrees Celsius, will be deployed in the coming months. Here, the LNG is converted back into gas using the heat from the water and injected into the gas pipelines.
Therefore, liquefied natural gas changes its volume sixfold, until even one can carry a large amount of raw material. For example, the Murex tanker, which is today pumped into Eemshaven with the first supply of technological gas, has a capacity of 173,400 cubic meters of LNG, which ultimately amounts to more than 103 million cubic meters of gas.
The total volume of LNG to be processed by the new Dutch terminal will reach eight billion cubic metres. Billions of this were rented by the Czech Republic through the company EZ, other users are energy companies Shell and the French Engie.
EZ has purchased capacity in the terminal for five years and until the autumn of 2027. The first gas tanker ordered for the Czech Republic is expected to arrive on the 19th.
The first concrete cargo of gas for EZ will come from the US firm Cheniere, from which the vessel will sail for twenty-five days, the company said at the beginning.
According to EZ Editor-in-Chief Daniel Benee, negotiations are currently underway with a dozen other companies that either produce liquefied natural gas or trade this commodity.
We bought a second truck from Shell on Thursday and more will follow, Ben said. He does not want to indicate the exact country of origin of the allowances. However, he changed that the country is also negotiating long-term contracts with selected countries, such as Qatar.
Until the end of the year, according to the contractual terms, EZ has reserved a total of eight so-called slots in the terminal, i.e. eight ships with LNG are destined for the Czech Republic until the end of the year. All ships will be the same size, that is, with a volume of 100 million cubic meters, which is equivalent to 1 TWh of energy, Bene added. According to him, the prices of used gas depend on the current price on the market, the company buys at the spot price.
First of all, the calm situation on the energy exchanges also speaks for the commissioning of the terminal, the creation of alternative supplies and full European stocks. For example, Vera lowered the wholesale price of gas for the European market below 200 euros per MWh for the first time since August.
For the transport of gas from the terminal in the EZ, the transport capacity from the Netherlands has been made available by Germany, although the destination of the gas has not been determined in advance.