Wintershall board member says US LNG cannot compete against Nord Stream 2 gas
Clean Energy Wire
Liquefied natural gas shipped from the US currently cannot compete economically with natural gas that is transported to Europe via pipelines, Wintershall board member Thilo Wieland says in an interview on the oil and gas producer’s website. “LNG from the US is too expensive,” Wieland says, adding that the planned controversial pipeline Nord Stream 2 that connects Germany with Russia via the Baltic Sea is “the shortest and hence most economical route to transport large quantities of gas” to Germany. Wieland says Russian gas will be needed as other European source countries are set to lower production while at the same time the use of natural gas in Germany is set to rise in a bid to replace coal-fired power production with less carbon-intensive natural gas.
Read the interview in English here.