Finance Minister Christian Lindner said this is necessary to reduce dependence on Russian energy sources due to the invasion of Ukraine, writes RBC-Ukraine, citing Reuters.
Germany, which depends on Russia for two-thirds of its natural gas imports, is urgently trying to stimulate the development of alternative energy sources, including the construction of its first liquefied natural gas (LNG) terminal.
Lindner, however, said that, at least during the transition period, Europe’s largest economy will still need oil and gas.
“Against the changed geopolitical background, I consider it expedient to consider the entire energy strategy of our country without any prohibitions on new options,” he said.
Tags Germany North Sea USM.media
Check Also
Lower Natural Gas Prices Squeeze Big Oil’s Profits in Q1 2024
Much lower natural gas prices this year compared to 2023 dragged down profits at some …