Germany announces new LNG facility in move away from Russian energy – The Seattle Times

by | Sep 4, 2022 | Energy

The German government took another step toward reducing its dependence on Russian energy, reaching an agreement last week on acquiring a fifth facility for importing liquefied natural gas. The new facility, a floating terminal with a five-year lease, will be the second at Wilhelmshaven, a port in northern Germany that is becoming a key energy hub.The terminal will have capacity for importing about 6% of Germany’s gas consumption. By backing these facilities, the government hopes to provide Germany, Europe’s largest economy, with a substantial buffer against any further cutoffs of Russian supplies.Thursday’s deal is also a potential stride for green energy. The group of investors and companies behind the new LNG terminal have ambitions to supply green energy in the form of hydrogen to Germany and other countries at a scale that might make a difference in tackling climate change, and the LNG deal appears to give the group’s plans the imprimatur of the German government.Robert Habeck, the economics and climate minister, announced the arrangement at a news conference in Berlin on Thursday along with representatives of the participating companies.Russia’s throttling back of natural gas supplies in apparent retaliation for sanctions imposed over its war …

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