Germany plans two LNG terminals as Russia crisis deepens
Government acts to shore up energy supplies with new gas sources but insists policy dovetails with net-zero transition
Germany will “rapidly” build two LNG import terminals and bolster its strategic reserves of both gas and coal as it looks to secure its energy supplies amid the crisis triggered by Russia’s invasion of Ukraine, Chancellor Olaf Scholz said on Sunday. The government said in late February that it would not certify the Nord Stream 2, which runs from Russia directly to Germany, in response to the invasion. Germany imports about 60pc of its natural gas from Russia. “We will change course in order to eliminate our dependence on imports from individual energy suppliers,” Scholz says. “After all, the events of recent days and weeks have shown us that responsible, forward-looking energy policy is not
Also in this section
28 January 2025
African nation eyes roadmap for associated gas, complicating IOCs’ oil exploration activities
27 January 2025
Regional state-owned firms are transforming their strategies and leveraging their resources to position themselves as clean energy powerhouses, and to ensure they maintain influence in a low-carbon world
27 January 2025
Asian neighbours seek resolution on territorial dispute for hydrocarbons development that has spanned decades
24 January 2025
Domestic companies in Nigeria and other African jurisdictions are buying assets from existing majors they view as more likely to deliver production upside under their stewardship