Germany to build LNG terminal to reduce Russia's dependence on gas

Eh Hussain

Germany has entered into a partnership with Nederlandse Gasunie NV and RWE AG to build a liquefied natural gas terminal in the country as Europe’s largest economy tries to separate itself from Russian energy imports. German economy On Saturday, state-owned KfW bank signed a memorandum of understanding with the two energy companies to build a liquefied natural gas terminal in the northern port city of Brunsbuetel. While Gasunie will manage the facility, half of it will be owned by the German government via KfW.

Economy Minister Robert Habeck said in an emailed statement “ It is necessary to reduce dependence on Russian imports as soon as possible.

This move indicates that Europe sees the invasion of Ukraine as a point It has turned and finally wants to cure its long-standing addiction to Russian energy.

Germany depends on the country for more than half of its natural gas, and it has The decision to phase out nuclear power before building enough renewable energy to replace it has made the country particularly vulnerable. German Chancellor Olaf Schulz last month expanded the country’s liquefied natural gas infrastructure, just days after suspending a billion-dollar pipeline project. dollars to bring Russian gas to Europe.

Berlin is also boosting gas and coal storage, and is pushing for faster deployment of energy sources

Brunsbuettel station will enjoy only The annual regasification capacity is 8 billion cubic metres, and the companies eventually plan to upgrade the site to process hydrogen derivatives such as ammonia, which can be produced using renewable energy sources. The goal is to set up the device “as quickly as possible,” according to the statement.