Is Germany building too many LNG terminals?

The floating terminals Höegh Esperanza in Wilhelmshaven

How much natural gas will Germany need in the coming years?

(Photo: Reuters)

Dusseldorf Since December 15, 2022, Germany has been able to import liquefied natural gas (LNG) from all over the world – and thus partially replace the lack of pipeline gas deliveries from Russia. The floating terminals “Höegh Esperanza” in Wilhelmshaven and “Neptune” in Lubmin convert the LNG back into gas form and feed it into the gas network.

In order to be able to compensate for the earlier gas imports from Russia, further floating LNG terminals are to go into operation in the coming months – against the concerns of environmental and climate protectionists. In addition to possible environmental consequences, they warn that more LNG terminals are planned than Germany needs. This could cost taxpayers money unnecessarily and also make the terminals’ business unprofitable.

On request, a spokeswoman for the Federal Ministry of Economics announced that there would be no overcapacity. But is this statement economically viable? The market research company Icis has calculated for the Handelsblatt in which cases LNG terminals can become a loss-making business.

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