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Germany will invest $ 65 million in its first liquefied natural gas terminal in the port city of Wilhelmshaven in the Lower Saxony region, the construction of which has been confirmed by local authorities.
This terminal is part of the country’s efforts to break free from dependence on Russian gas. The important announcement was made by the German Minister of Economy, Robert Habeck. Germany is trying to speed up the construction of terminals to import gas from various countries, including the United States.
Berlin has been under pressure from Ukraine and other European countries to take steps to cut off Russian energy supplies since the start of Russian aggression on February 24. Europe’s largest economy has already reduced Russian oil imports from 35 to 12 percent. Likewise, if Russia cut off gas supplies, Germany would lose 220 billion euros.
For this reason the authorities of this country have decided to take more concrete steps to avoid catastrophic consequences. So far, only a handful of German companies that have previously worked with suppliers from Russia, Ukraine and Belarus have managed to switch to other suppliers in the short term.
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