Germany Risks Wasting Billions on LNG Projects, Report Says
- Renovating buildings can save gas equivalent to new terminals
- Extra gas import costs may hit 200 billion euros by 2030: E3G
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Germany is at risk of wasting billions of euros on boosting liquefied natural gas imports instead of moving toward sustainable alternatives like energy efficiency, according to a new report.
The country faces about 200 billion euros ($196 billion) of additional costs for gas imports by the end of the decade, causing a doubling of bills for consumers, the climate think tank E3G said. By comparison, improving buildings’ energy use can save more gas than that provided by new LNG terminals, it said.