Germany takes steps to spur more investment in LNG terminals

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Under the legislation, LNG companies will only pay a 10 percent share of the connection costs for LNG, giving them more scope to invest in LNG projects.

The government wants to complement gas arriving from Russia, Norway and the Netherlands with other origins to give consumers more choices, while LNG suppliers like Qatar and the United States are seeking more business.

Germany also expects additional gas import volumes from the Russian Nord Stream 2 pipeline which will be under construction by the end of this year.

The government’s move still has to be approved by the Upper House of Parliament, the Bundesrat, which represents Germany’s states….

An excerpt from The Tribune