German company Tree Energy Solutions (TES), backed by Belgian company AtlasInvest, announced on Wednesday that it will accelerate plans to build a gas import terminal at the northern German port of Wilhelmshaven in cooperation with EON. [THE TERMINAL, TO BE BUILT BY 2025, WILL BE USED TO IMPORT LIQUEFIED NATURAL GAS (LNG) AS A TRANSITIONAL ENERGY SOURCE AS GERMANY AND THE REST OF EUROPE SEEK TO REDUCE THEIR DEPENDENCE ON RUSSIAN GAS THROUGH A SHIFT TO RENEWABLE ENERGY SOURCES.
The terminal will be gradually adapted to handle methane imports by 2027, produced through "green" technology instead of fossil fuels.
(CNA)
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