Federal government releases billions for floating LNG terminals

LNG tanker

The Ministry of Finance has already released the funds for the terminals without first consulting the budget committee.

(Photo: action press)

Berlin The federal government intends to spend up to 2.5 billion euros on four floating liquid gas terminals over the next ten years. This emerges from a letter from the Federal Ministry of Finance, as reported by the news portal “The Pioneer”. The German Press Agency also received the letter to Bundestag President Bärbel Bas on Thursday.

The Ministry of Finance has therefore already released the funds without consulting the Budget Committee beforehand. This was necessary for “compelling reasons”, it said. Corresponding charter agreements should be signed this Thursday and on April 20th.

The aim is to import liquefied natural gas (LNG) to secure the gas supply for Germany. More LNG is one building block in the German government’s efforts to reduce dependence on Russian gas supplies.

In an “Energy Security Progress Report” from the end of March, the Ministry of Economics stated that the federal government had acquired options for three floating LNG terminals via the companies RWE and Uniper in order to further increase security of supply in Germany.

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