Germany’s Grid Needs $4.8 Billion to Hook Up LNG Terminals
- Country plans to upgrade network to replace Russian shipments
- Natural gas demand set to shrink by a fifth within a decade
An LNG floating storage regasification unit in Lubmin, Germany.
Photographer: Krisztian Bocsi/BloombergThis article is for subscribers only.
Connecting Germany’s energy network to its growing list of liquefied natural gas import hubs is likely to cost about €4.4 billion ($4.8 billion), according to the country’s grid operators.
After Europe’s largest economy was crippled when Russia curbed pipeline gas shipments, Berlin fast-tracked the expansion of LNG terminals last year to open alternative supply routes. With three now in operation and three more to open this winter, the country still faces bottlenecks if it can’t quickly get the supercooled fuel carried by seagoing vessels pumped into onshore networks.