Germany Intends to Increase Oil and Gas Production in the North Sea

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.

About Parvin Faghfouri Azar

Check Also

Russia’s Natural Gas Flows to Austria Rise despite OMV Cutoff

Requests from customers in Austria and Slovakia for Russian natural gas supply via Ukraine rose …

Leave a Reply

Your email address will not be published. Required fields are marked *