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FRANKFURT: Germany said on Saturday it would build a liquefied natural gas terminal on its North Sea coast, as it seeks to reduce its reliance on Russian gas imports after the invasion of Ukraine.
“It is necessary to reduce our dependence on Russian gas as quickly as possible” in light of Moscow’s aggression, Economy and Climate Minister Robert Habeck said in a statement.
Germany was financing the project in Brunsbuettel, northern Germany, via the public lender KfW, together with the state-owned Dutch gas company Gasunie and German energy group RWE.
The process of liquefaction makes LNG easier to transport, allowing it to be imported by sea from producer countries that cannot be connected by pipelines, such as the United States or Qatar.
Before the outbreak of war, Germany imported 55 per cent of its gas from Russia, via pipelines running through Ukraine, Poland and under the Baltic Sea.
The Russian invasion of Ukraine forced a strategic reassessment in Berlin, with Germany hoping to substitute Russian gas supplies with LNG.
Currently, Europe’s largest economy does not have any LNG terminals, having planned on expanded pipeline supply from Russia over the past two decades.