Germany’s LNG terminals to cost more than double

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The purchase and maintenance of floating liquefied natural gas (LNG) terminals to help Germany secure energy supplies and diversify away from Russian gas, will cost more than 3 billion euros ($3.10 billion) more than planned, the economy ministry said on Sunday.

Overall, the costs are estimated at about 6.56 billion euros, the ministry said, confirming a report in Der Spiegel. That compares with 2.94 billion euros estimated in the country’s 2022 budget.

“Further costs have been determined in extensive consultations with numerous stakeholders and initial forecasts have been specified,” said the ministry on Sunday, citing operating costs and additional infrastructure on land.—AP

 

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