In the past day, I've been looking at the German natural gas 'mess'.
Focus did an update and talked at length about what may occur.
That LNG port chatter (Trump had urged them to go this route)? Funding has flowed and some plan is in the works.....in the Brunsbuttel area (on the River Elbe in Schleswig-Holstein). It's about a 30 minute drive NW of Hamburg.
The port would allow the US to bring LNG tankers in. Permit to build? Well....it won't be in 2022 (they seem to talk about 2023). Operational? 2026 is suggested at the earliest.
Won't this project be challenged by environmentalists? If you wanted real negative words to hang onto the party for state elections coming up.....a challenge would be a major negative.
Royally screwed? They brought this alternate port idea.
You see, there is a LNG port in the UK, and in the Netherlands. Via pipelines....that could flow into Germany. Short-term, this would work but you'd be discussing some shift in cost for natural gas (50-percent increase wouldn't shock me).
As you look at these options....long-term, it just looks awful crappy for the GAZPROM guys and the Nord Stream II project.
Getting good relations going with the Brits? Well....all that BREXIT stuff has left some hurt feelings on both sides.
Toss in inflation, US LNG dealings, etc.....having natural gas prices go drastically up in 2023 is more than likely.
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