Guest “I do not think that word, powerhouse, means what you think it means” by David Middleton
Germany Poised to Become LNG Powerhouse With Law to Cut Red Tape
Legislation set to cut approval time for import terminals
Nation is among EU states seeking to reduce reliance on Russia
By Vanessa Dezem, Arne Delfs, and Anna Shiryaevskaya
May 10, 2022
Germany is set to become a liquefied natural gas powerhouse within a year as it fast-tracks new import terminals to slash its dependence on Russian fuel.
Germany’s Federal Cabinet gave the green light to draft legislation to cut the approval process for such facilities to a 10th of the usual time. The government is planning four floating terminals, allowing it to replace at least 70% of Russian gas imports and marking a significant u-turn in energy policy after years of resisting costlier U.S. LNG.
Germany has long snubbed American LNG — touted as “freedom gas” by the Trump administration
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