German chancellor Olaf Scholz
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
10 December 2024
Sector at economic and strategic crossroads, but clear path ahead for midstream additions
30 November 2024
Decades of turmoil have left Iraq’s vast energy potential underutilised, but renewed investment and strategic reforms are transforming it into a key player in the region
29 November 2024
The country's fifth and sixth oil and gas bid rounds have attracted a range of new players with gas as well as oil ambitions—and there’s a seismic shift in the contracting process
28 November 2024
Iraq is charting a new path for its indigenous resources and its youth, hoping to electrify the future with a mix of reforms and modernisation to fuel growth
