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eu-approves-e40m-german-support-for-on-shore-lng-terminal
eu-approves-e40m-german-support-for-on-shore-lng-terminal

EU approves €40m German support for on-shore LNG terminal

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The European Commission has approved a 40m ($43.8m) German support measure for the construction and operation of a new land-based liquefied natural gas (LNG) terminal in Brunsbüttel.

Originally announced two weeks after Russia invaded Ukraine last year (2022), the terminal was intended to increase security of gas supply after Russia cut off its supply to the EU.

This caused concerns to erupt over a potential energy crisis in Germany, which was set to be short 50 billion cubic metres (bcm).

In the wake of the invasion, the country scampered to build a slew of LNG terminals and floating storage regasification units (FSRUs). Despite having a well-developed natural gas pipeline grid, until recently the country did not have its own port to receive LNG directly.

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