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Germany’s LNG terminals to value greater than double earlier estimate

manusohal by manusohal
November 20, 2022
in News
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BERLIN, Nov 20 (Reuters) – The acquisition and upkeep
of floating liquefied pure gasoline (LNG) terminals to assist
Germany safe power provides and diversify away from Russian
gasoline, will value greater than 3 billion euros ($3.10 billion) extra
than deliberate, the financial system ministry stated on Sunday.

Total, the prices are estimated at about 6.56 billion
euros, the ministry stated, confirming a report in Der Spiegel.
That compares with 2.94 billion euros estimated within the nation’s
2022 funds.

“Additional prices have been decided in in depth
consultations with quite a few stakeholders and preliminary forecasts
have been specified,” stated the ministry on Sunday, citing
working prices and extra infrastructure on land.

The ministry stated the floating terminals had been important for
Europe’s largest financial system to compensate for a collapse in
deliveries of Russian gasoline since Moscow’s invasion of Ukraine.

Germany this month accomplished the development of its first
floating terminal for LNG on the North Sea port of
Wilhelmshaven.

The parliamentary funds committee has already authorised the
extra cash required for the terminals.
($1 = 0.9686 euros)
(Reporting by Rene Wagner; Writing by Madeline Chambers;
Modifying by Jane Merriman)



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