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Germany has no alternatives to Russian gas – MP

RT | November 29, 2022

Germany still has no way of completely replacing Russian natural gas, even after reaching a supply agreement with Qatar, the chairman of the Bundestag committee on energy, Klaus Ernst, warned on Tuesday.

A long-term energy agreement was announced earlier in the day, under which the Gulf state will ship up to two million tons of liquefied natural gas (LNG) a year to Germany, starting from 2026. The deal will reportedly last at least 15 years.

“The federal government celebrates its LNG deal with Qatar and boasts big numbers. The fact is, these two million tons of LNG correspond to three percent of German gas consumption. There are still no real alternatives to Russian gas!” the politician from The Left party wrote on Twitter.

According to Bloomberg, the deal with Qatar equates to about 6% of the volume of Russian gas Germany imported in 2021. The fuel will come from ConocoPhillips’ joint ventures in Qatar, and will be delivered to the Brunsbuttel floating import terminal, which is under construction.

The news agency specified that the five import facilities chartered by the German government will cost a total of €6.5 billion ($6.7 billion) over the next 10 to 15 years. There is also one privately chartered terminal planned. Once operational, they will be able to cover around one third of Germany’s current gas demand, according to a government estimate, cited by Bloomberg.

Germany, Europe’s biggest economy, relies mainly on natural gas to power its industry, and has pledged to replace all Russian energy imports by as soon as mid-2024.

November 29, 2022 - Posted by | Economics, Malthusian Ideology, Phony Scarcity |

1 Comment »

  1. Sounds like Europe, with the blessing of the US, has shot itself in the foot. In fact the West has begun to look awfully stupid, and the trouble is that we, the taxpayers, are footing the bill. As always.

    Like

    Comment by Peter | November 29, 2022 | Reply


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