Energy – LNG terminals are becoming more expensive – Economy

The purchase and maintenance of floating liquefied natural gas (LNG) terminals cost Germany at least three and a half billion euros more than previously planned. The total budget requirement has increased to around 6.56 billion euros in 2022, as the Federal Ministry of Economics confirmed on Monday in Berlin. There would also be additional budgetary funds in 2023. “This increase was necessary in a second phase due to the dynamically developing situation,” it said. “In the meantime, further costs have been determined in extensive consultations with numerous stakeholders and the initially forecast costs have been specified.” The additional costs served “directly to finance projects that are essential for German energy security for the coming winter,” according to the ministry.

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