Germany’s Scholz hopes for Baltic Sea LNG terminal within months

Chancellor Olaf Scholz speaks at the annual conference of the Federation of German Industries (BDI) on June 21, 2022 in Berlin. REUTERS/Michele Tantussi

BERLIN, June 21 (Reuters) – German Chancellor Olaf Scholz said he was confident that liquefied natural gas (LNG) could flow into the country via the Baltic Sea port of Lubmin within months as Germany rushes to halt Russian energy imports.

“Our goal is to bring as much as possible there by the turn of the year or a little later so that we can get gas everywhere quickly,” Scholz said on Tuesday in Berlin after a meeting with the state government of Mecklenburg-Western Pomerania. Western Pomerania.

Prime Minister Manuela Schwesig said the Federal Ministry of Economics and the local Ministry of Energy are conducting joint audits. The authorities are also examining whether enough oil can be pumped out of the Rostock port via an existing pipeline to keep the Schwedt refinery in operation, or whether the capacity can be expanded.

Germany is urgently looking for ways to wrest control of the refinery that supplies most of Berlin’s fuel from Russian oil giant Rosneft (ROSN.MM). Continue reading

The network regulatory authority of the Federal Network Agency has already supported the idea of ​​a floating LNG terminal off Lubmin in north-eastern Mecklenburg-Western Pomerania.

Reporting by Andreas Rinke; Writing by Rachel More, editing by Miranda Murray and Jason Neely

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