Germany Pushes for G-7 Reversal on Fossil Fuels in Climate Blow
Europe’s Search for Natural Gas Runs Up Against Climate Goals
www.wsj.com/articles/europes-search-for-natural-gas-runs-up-…
Plans for more than 20 liquefied natural gas import projects have been announced, relaunched or sped up across Europe since Russia invaded Ukraine, according to a recent analysis by FTI Consulting. Analysts said those projects have the potential to contribute an additional 128 billion cubic meters in natural-gas import capacity over the coming years, roughly the equivalent of 83% of the EU’s total 2021 imports from Russia.
Germany, which didn’t have any LNG import terminals before the war in Ukraine began, is taking some of the most aggressive steps to develop new infrastructure. The German government recently passed legislation to fast-track LNG developments, and pledged 2.94 billion euros, equivalent to about $3.09 billion, to put several floating terminals into operation.
The French utility Engie SA in May announced a 15-year contract to buy LNG from an export facility under construction in Brownsville, Texas. That came a year-and-a-half after the company pulled out of talks to buy gas from the project under pressure from environmentalists and the French government.
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