RWE to Buy More U.S. LNG as Trump Promotes Gas Riches in Europe
- German utility signed two short-term contracts and seeks more
- RWE is building up a worldwide network of LNG, CCO says
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RWE AG plans to buy more U.S. liquefied natural gas after signing two contracts this year in a strategy to bulk up the utility’s sources of the super-chilled fuel.
Germany’s biggest power producer agreed on supplies of U.S.-produced LNG for the next couple of years and is negotiating longer-term agreements, according to Andree Stracke, the chief commercial officer at the company’s trading unit.