Germany would be all set to buy more liquefied natural gas (LNG) from the United States, according to the international daily newspaper, Wall Street Journal (WSJ).
Germany Chancellor Angela Merkel told a group of lawmakers recently that her government had decided to co-finance the construction of a €500 million ($576 million) LNG shipping terminal based in northern coastal Germany, as reiterated by the newspaper’s report.
It has also been reported that Germany has been buying most of its gas from Russia and quite cheaply. And, the chancellor has been lobbying for the extension of the Nord Stream 2 pipeline that is expected to double Russia’s existing gas export capacity to Germany despite pressure from Washington. Meanwhile, US President Donald Trump had cited that Berlin was captive to Moscow and would thereby become dependent on the Russian exports when the pipeline was implemented.
During the briefing of the lawmakers from Germany’s northern coastal region, Merkel described her decision as strategic and one that could pay off in the longer term. Meanwhile, the building of an LNG shipping terminal in Germany has repeatedly been postponed attributed to economic issues of such a project. And, the project finally has received a green light this month.
In the context, US Ambassador to Germany Richard A. Grenell stated that they were creating jobs and they were also deepening the trans-Atlantic relationship. He added that they were totally committed to bringing US LNG to Europe and to Germany.
The international daily added that it was not yet clear about the support Berlin would give to the LNG terminal, and brought to light that the government had decided to fast-track the review of the application.