Germany Opens First Floating LNG Terminal To Counter Lost Russian Gas

German Chancellor Olaf Scholz has presided over the opening of his country’s first floating liquefied natural gas (LNG) terminal in the North Sea town of Wilhelmshaven. The project opened on December 17 was part of Germany’s effort to replace lost supplies of Russian gas following Moscow’s invasion of Ukraine. The terminal was expected to provide gas for 50,000 households per year and was the first of several similar projects in the works. Germany hopes to be able to import 30 billion cubic meters of LNG by the end of 2023. To read the original story from Reuters, click here.