Germany signed a contract with George Prokopiou’s Dynagas Ltd to charter two FSRU. Credit: Avallav, Creative Commons Attribution-Share Alike 4.0/WikipediaA Greek shipping company has struck a deal this week with Germany to provide two floating liquified gas units as Berlin tries to reduce its reliance on Russian gas.
George Prokopiou’s Dynagas Ltd signed the agreement for the storage and regasification units (FSRU) via the Dusseldorf-based energy company Uniper.
The Transgas Power and Transgas Force tankers are expected to set course for Germany later this year, and once operational are seen providing a total capacity equivalent to 30% of Russian gas imports to Germany.
“We have long been advocating for European countries to develop LNG import infrastructure to diversify their sources of supply of natural gas. The installation of the two FSRUs will enable Germany, and the wider European region, to significantly increase their LNG import capabilities in a timely and environmentally friendly manner without any permanent footprint on-shore,” Uniper quoted George Prokopiou, the 76-year-old founder and president of Dynagas, as saying.
“We look forward to the FSRUs being installed in Germany and supplying the country with natural gas which, ultimately, will also enable the transition to a lower carbon future,” he said.
