RWE Secures 15 Years of Texas LNG from Sempra
Germany's RWE Supply & Trading GmBH agreed to a 15-year contract with Sempra Infrastructure to purchase liquefied natural gas from a production ter...
Germany's RWE Supply & Trading GmBH agreed to a 15-year contract with Sempra Infrastructure to purchase liquefied natural gas from a production terminal set to open in Port Arthur, Texas, in 2027, according to both companies. With the deal, RWE said it had secured sufficient LNG volumes to make full use of its booked regasification capacities for an import terminal in Brunsbüttel, near Hamburg, that's scheduled to open in 2026. Germany has struggled to replace Russian pipeline gas since the invasion of Ukraine, and Europe's largest economy continues shifting to LNG as a substitute.