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Germany Reaches Deal With Uniper, RWE on Floating LNG Plants

Construction work in Brunsbuettel port in Germany. 

Construction work in Brunsbuettel port in Germany. 

Photographer: Frank Molter/picture alliance/Getty Images

The German government struck a deal with energy companies to import liquefied natural gas through two new terminals in an effort to alleviate a supply crunch that’s crippling the economy.

Economy Minister Robert Habeck signed a memorandum of understanding with Uniper SE and RWE Supply & Trading GmbH, which will operate the floating terminals in Brunsbuettel and Wilhelmshaven, for the “temporary supply” of LNG, he said in a statement on Tuesday. The two companies will also team up with EnBW Energie Baden-Wuerttemberg AG and VNG AG to purchase the LNG.