LNG

German Chancellor Olaf Scholz formally opened the nation’s second liquefied natural gas terminal since its reliance on Russian pipeline gas came to a close in 2022 and fast-track developments have been made possible due to the support and know-how in particular of French and Dutch energy and shipping companies.

Deutsche ReGas, a private company that has raised financing from Australian investment bank Macquarie Capital, is run by two businessmen from Potsdam near Berlin and said it aimed to import LNG in the next few months at the Baltic port of Lubmin.