Germany to proceed with LNG imports
As Europe seeks supply diversity for its gas needs, Germany found a way to reduce its dependence on natural gas imports via pipelines from Russia. Chancellor Angela Merkel took a decision to open up Germany's market to the US gas companies and announced that Germany’s government is ready to back the construction of the liquefied natural gas (LNG) shipping terminal in northern Germany.
Experts consider this move as a personal triumph of Donald Trump and a defeat of Russia and Germany. However, most of energy experts believe that the US LNG supplies can compete but will not be able to replace Russian exports.
As for Germany, Ms. Merkel didn’t describe this agreement as a defeat but as a “strategic” decision. Berlin hoped that greenlighting US gas might lower the probability of the US sanctions against Nord Stream 2, an unbuilt German-Russian gas pipeline. Washington and Berlin have been in a lingering dispute over Germany importing Russian gas. President Donald Trump has accused Ms. Merkel in supporting “the aggressor country” by doing so.
Published: 2018-11-01 11:14:29 UTC