​Germany to push ahead with two LNG terminals to reduce Russian gas dependence

 

Germany is a major gas importer of Russian Gas, given its high demand and low domestic production, and its net gas imports were around 84 Billion cm last year, showing that Russia accounted for over 60% of German gas imports last year. To help this situation, Germany has decided to accelerate work to build two Liquid Natural Gas terminals in the country to help reduce the dependence on Russian gas imports, said Chancellor Olaf Scholz. Germany does have some storage capacity but these are only 29% full. Building more storage will enable Germany to buy and store LGN from other places and not rely on Russia. In the short term Germany is looking at other renewable forms of gas supply, and more at green energy.


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