Merkel Looks to LNG to Cut Germany’s Dependence on Russian Gas
- New coalition creating a strategy to build up import terminals
- Facilities will compete with Rotterdam, Zeebrugge, Swinoujscie
Angela Merkel, Germany’s chancellor.
Photographer: Krisztian Bocsi/BloombergThis article is for subscribers only.
Angela Merkel’s government is seeking to build a liquefied natural gas industry in Germany basically from scratch to reduce the nation’s dependence on supplies arriving by pipeline from Russia and Norway.
With gas reservoirs depleting from the U.K. to the Netherlands, Germany is becoming increasingly reliant on Russia for its energy needs at a time when political tensions are mounting with Vladimir Putin’s government in Moscow.