The switch from Russian natural gas to LNG coming from other countries, which the German government pursues, is largely a gambling, instead of a strategy to secure the supply of gas for the German industry and households.
The gambling begins with the costs of the acquisition and maintenance of floating liquefied natural gas (LNG) terminals, which will cost Germany at least 3 billion euros more than originally envisaged, Reuters reports, citing a statement from the country’s economy ministry. The overall cost of the terminals, also known as Floating Storage and Regasification Units (FSRUs), is now estimated at about €6.56 billion, more than twice the original budget of €2.94 billion.
