Germany’s Gas Storage Facilities Are at Full Capacity: Chancellor Scholz
11.28.2022 By - NEWS

November 28, 2022 [AA] – Scholz defends his government’s energy policy amid growing criticism from opposition, says country’s first LNG terminals will be operational in few weeks


Germany’s gas storage facilities are now at full capacity, and the country’s first (LNG) terminals will become operational in a few weeks, Chancellor Olaf Scholz said on Wednesday.

Addressing lawmakers during a budget debate, Scholz dismissed criticism from the opposition parties that the government is not taking the necessary steps to prevent energy shortages and blackouts in winter.

“One year ago, our energy storage facilities were as empty as never before. Today we’re full to capacity. Because this government does not just talk, it acts,” the Social Democrat chancellor said.

He argued that the center-left coalition government has taken all the necessary steps to gradually end the country’s dependence on Russian gas imports.

“At the same time, this government, as fast as never before in our country, made sure that we did have an alternative. In a few weeks’ time, in northern Germany, the first LNG terminals will start operation,” Scholz said.

He also noted that the government reactivated coal-fired power plants, and extended the lifespan of the country’s last three nuclear power plants until mid-April next year.

“This government will make sure that renewable energies and the necessary transmission grids will be built much faster than ever before,” the chancellor said.

Germany is facing a severe energy crisis due to the ongoing Russia-Ukraine war, which led to disruptions in the oil and gas supply and pushed energy prices to record highs.

The government is seeking to diversify natural gas supply sources, and currently work is underway to build liquefied natural gas (LNG) terminals at the northern German ports of Brunsbuttel, Wilhelmshaven, Stade, and Lubmin.

Before the start of the war in Ukraine, Russia was supplying 55% of Germany’s natural gas.

Pro Trial: Access 10,390 Tank Terminal and Production Facilities

10,390 tank storage and production facilities as per the date of this article. Click on the button and register to get instant access to actionable tank storage industry data

Tanzania, UAE Firm Sign Petroleum Facility Deal
02.02.2023 - NEWS
February 2, 2022 [The Citizen] – The deal was signed by the Ministry of Energy and represen... Read More
Russia’s Oil Exports Rebound Ahead Of The EU Ban On Fuel Imports
02.02.2023 - NEWS
February 2, 2022 [] – The upcoming EU ban on fuel imports from Russia, as well ... Read More
Marathon Petroleum Tops Profit Estimates on High Demand, Tight Supplies
02.02.2023 - NEWS
February 2, 2022 [Reuters] – Marathon Petroleum Corp (MPC.N) on Tuesday beat Wall Street ex... Read More
S. Korea to Build New LNG Terminal in Southern Industrial Town to Meet Increased Demands
02.02.2023 - NEWS
February 2, 2022 [Aju Business Daily] – South Korea will build a new liquefied natural gas ... Read More