No competition concerns over LNG cooperation by large German gas companies – cartel office

Workers stand at a construction site of a planned floating liquefied natural gas (LNG) terminal in the port of Wilhelmshaven, Germany, August 16, 2022. REUTERS/Fabian Bimmer/File Photo

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BERLIN, Sept 15 (Reuters) – Germany’s Cartel Office said on Thursday it had no competition concerns over planned cooperation by major gas importers and wholesalers Uniper (UN01.DE), RWE (RWEG. DE) and EnBW (EBKG.DE) on liquefied natural gas (LNG) terminals.

“In normal times, the cooperation between these three very important gas importers and wholesalers and, above all, the exclusive use of import capacities at the terminals should possibly be evaluated more critically,” said the president of the office. , Andreas Mundt.

The three firms signed an agreement in August with the Ministry of the Economy for the construction and operation of floating LNG terminals in Brunsbuettel and Wilhelmshaven.

The envisaged operator model is initially limited until March 31, 2024, which was welcomed by the office.

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Written by Miranda Murray, edited by Rachel More

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