Natural gas – the fossil energy source with the lowest carbon emissions – will be the bridging fuel to net zero. It will keep the energy system reliable while green electrification and the build-out of green gases gather momentum.
Uniper is one of Europe's largest gas and LNG merchants; we also built Germany's first LNG import terminal, located in Wilhelmshaven on the North Sea coast. In Germany, we supply roughly 200 terawatt-hours (TWh) of gas to municipal utilities and industrial customers annually. We're replacing Russian gas with a diverse portfolio of pipeline gas from other suppliers, LNG, and short- to mid-term market transactions. In addition we hold 57 TWh of LNG regasification bookings. This portfolio will enable us to continue to provide a reliable supply of gas to our customers.
We also have a total of 7.4 billion cubic meters (bcm) of underground gas storage capacity in Germany, Austria and Britain. We have 5.9 bcm in Germany alone – the most of any operator.
We intend to repurpose part of our storage capacity to give us the capability to provide large-scale hydrogen storage.
In addition, we'll establish a portfolio of green hydrogen and biogas projects that will gradually replace natural gas in our supply business.