The Gaslog Georgetown tanker arrived from the American terminal Sabine Pass in the United States and brought 170 thousand cubic meters of LNG, i.e. 100 million cubic meters of gaseous gas. The gas cargo left the US on its way on August 23. The LNG comes from Cheniere, a major exporter of liquefied natural gas.
“Another two tankers with gas destined for the Czechia will arrive during October and we will continue at the rate of two to three ships per month. This is an important step for the energy security of the Czech Republic and an important safeguard in the event that gas from other suppliers stops flowing to us in the Czech Republic,” said Beneš.
The cargo arrived on the Gaslog Georgetown tanker, which is 293 meters long and 46 meters wide. It launched in 2020. “We are ready to do everything we can to help Europe with energy supplies now and in the future,” Anatol Feygin, Executive Vice President and Chief Commercial Officer of Cheniere, said today.
Expensive energy and price capping
The Czech Republic has leased three billion cubic meters in the terminal, so a total of 30 tankers will be needed. The supply will cover up to a third of the annual gas consumption in the Czech Republic, significantly reducing the state’s dependence on gas from Russia.
ČEZ buys each supply of gas at spot prices, i.e. for immediate delivery of the raw material. They pay a different amount for each delivery. The rental of the terminal itself will cost more than tens of millions of euros per year, the exact price is not public.
Gas consumption in the Czech Republic exceeded nine billion cubic meters last year. The floating terminal consists of two connected ships, both serving as storage and regasification units. In addition to ČEZ, Shell and Engie from France will also use the facility. The terminal in Eemshaven in the north of the Netherlands belongs to Gasunie, which is, among other things, the operator of the Dutch gas system.
CEZ has ensured sufficient transport capacity from the Netherlands via Germany to the Czech Republic for possible gas transport. These capacities are secured in a series of auctions at individual borders. In this case, they are secured to a sufficient extent both at the Dutch-German border and at the border between the Czech Republic and Germany, CEZ said.