Report: Germany eyes Baltic LNG terminal in spring 2024 - News Archive - PRIME Business News Agency - All News Politics Economy Business Wire Financial Wire Oil Gas Chemical Industry Power Industry Metals Mining Pulp Paper Agro Commodities Transport Automobile Construction Real Estate Telecommunications Engineering Hi-Tech Consumer Goods Retail Calendar Our Features Interviews Opinions Press Releases

Report: Germany eyes Baltic LNG terminal in spring 2024

MOSCOW, Apr 24 (PRIME) -- Germany is seeking to open by early 2024 a controversial liquefied natural gas (LNG) terminal linked to infrastructure from Russia’s now-defunct Nord Stream natural gas pipeline network, Bloomberg reported on April 22 citing representatives from four organizations participating in a closed-door meeting with Chancellor Olaf Scholz and Economy Minister Robert Habeck.

A “pipeline will feed into the existing gas infrastructure in Lubmin from spring 2024,” Habeck said, referring to the connection point on the main land where the idled Nord Stream lines also end.

Representatives from the World Wide Fund for Nature, the conservation group BUND, and Environmental Action Germany confirmed the comments. A spokesman for Baltic Sea Resorts also verified Habeck’s remarks.

Germany, Europe’s largest economy, is trying to improve its energy security as the region recovers from a historic supply crisis in the fallout of Russia’s operation in Ukraine. Russia severely curbed gas flows to the region last year, including through the Nord Stream link to Germany. That network was later rendered inoperable by a mysterious explosion.

Germany is relying heavily on LNG to fill its energy supply gap, especially due to the closure this month of its last remaining nuclear power plants. It has opened three floating LNG terminals, with more expected. However, those plans have been met with protests from local groups due to environmental concerns, with some promising legal action if the Baltic terminal goes forward.

The government has purchased idled tubes that belonged to the Nord Stream 2 pipeline to build a terminal off of Ruegen Island, the Economy Ministry said Thursday.

On Friday, a ministry spokeswoman said she could not confirm Habeck’s comments on the timing but added: “According to our information, both the Chancellor and Minister Habeck stressed the urgency to act.”

The nation’s gas industry also warned of supply shortages next winter.

End

24.04.2023 08:14
 
 
Share |
To report an error select text and press Ctrl+Enter
 
 
Central Bank Official Rate
1W 1M 1Y
USD
EUR 98.9461 +0.6399 09 may
USD 91.8239 +0.7008 09 may
Stock Market Indices
1D 1W 1M 1Y
MICEX
micex 3435.60 +0.23 16:19 08 may
Stock Quotes in RUR
1D 1W 1M 1Y
GAZP
gazp 154.42 +0.17 16:04 08 may
lkoh 7722.50 0.00 23:50 08 may
rosn 579.70 -0.04 16:04 08 may
sber 310.97 +0.89 16:04 08 may
MICEX Ruble Trading
1D 1W 1M 1Y
USDTD
EURTD 98.8600 +0.5775 14:59 08 may
USDTD 91.7550 +0.4825 16:04 08 may