New Energy
Germany Wants to Become an LNG Hub and Supply European Neighbors
- Government plans to boost LNG capacity in next few years
- Flows would help European nations’ quest to secure gas supply
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Germany plans to turn its fledgling liquefied natural gas sector into a hub for supplying some of its neighbors with fuel as Europe seeks alternatives to Russian flows.
Since last year, the continent’s biggest economy has rapidly adopted LNG amid fears of gas shortages caused by Russia’s supply cuts. Now it wants to expand capacity for handling the super-chilled fuel so that it can boost exports to nations — mostly in eastern Europe — in the coming years.