« BackNews: Germany To Decide Location Of LNG Terminal By End Of 2018

Germany To Decide Location Of LNG Terminal By End Of 2018

Germany’s economy minister Peter Altmaier has announced that the country will decide which city it will build a new liquefied natural gas (LNG) terminal in by the end of this year.

Reuters reported on the comments made by Mr Altmaier, who revealed that there are three cities competing to build the LNG terminal.

He also stated that it would be “a gesture to our American friends”, with the implication that the EU will then import more LNG from the States.

However, Mr Altmaier also stressed that this would not affect Germany’s commitment to the Nord Stream 2 pipeline project, which is a gas pipeline bringing supplies from Russia into the EU. It is “a project that has a long life already and much money has been invested”, he told reporters.

President Trump has recently criticised Germany for the project and has called on the government there to drop its support for the pipeline.

The construction of a new LNG terminal in Germany would be part of the EU’s efforts to increase US imports of gas, after the bloc said earlier this year it would work to boost US imports of LNG and soybeans in a bid to avoid hefty new trade tariffs on its exports.

It isn’t only Europe that’s hoping to import more LNG in the coming years. A number of African nations, most recently Ghana, have also expressed an interest in developing an LNG infrastructure.

Last month, Ghana announced that two Chinese firms were investing in its first LNG terminal, which would make it the first sub-Saharan nation to start importing the fuel.

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