LNG

RWE to buy more US LNG

German utility RWE plans to buy more LNG from the United States after signing two contracts this year to import US volumes
By Staff reporter 30 November 2018 0 33508

German utility RWE plans to buy more LNG from the United States after signing two contracts this year to import US volumes, Bloomberg quoted Andree Stracke, chief commercial officer of RWE’s trading unit, as saying on Thursday.

“We are building up a worldwide, significant portfolio of LNG,” said Stracke. “This year we have signed two contracts for US LNG. One contract is for one year, the other one is for two or three years.”

Stracke said the contracted LNG will not be shipped to...