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    Berlin expects Baltic Sea LNG project launch within months: press

Summary

A floating terminal at Lubmin port could launch within months.

by: Callum Cyrus

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Complimentary, Natural Gas & LNG News, Europe, Liquefied Natural Gas (LNG), News By Country, Germany

Berlin expects Baltic Sea LNG project launch within months: press

Germany's chancellor Olaf Scholz believes the country will have additional LNG volumes within months, following the launch of a new floating terminal at the Baltic Sea port of Lubmin, Reuters reported June 21.

Berlin plans to invest up to $3.2bn on building four floating LNG import terminals over the next decade, allowing it to rapidly downscale its use of Russian gas imports. Last year, Germany was dependent on Russia for around 55% of its overall gas requirement.

Germany's federal administration unveiled a strategy late March to become "largely independent" of Russian gas imports before mid-2024.  LNG imports have also been proposed in the ports of Brunsbuettel (8bn m3/yr), Wilhelmshaven (9.8bn m3/yr) and Stade (12bn m3/yr.)

Speaking in Berlin following energy-led political talks, Scholz said: "Our goal is to get as much as possible there by the turn of the year, or a little bit later, so we can get gas quickly from wherever."