German Economy Minister Robert Habeck said today that he would explore the possibility of supplying liquefied natural gas (LNG) during his trip to Qatar and the United Arab Emirates and that he aimed to secure a hydrogen deal, making Germany less dependent on Russia. as reported by Reuters.
Russia is the largest supplier of gas to Germany, according to the website of the Ministry of Economy.
Following Russia’s invasion of Ukraine, Habeck has launched a number of initiatives to reduce Germany’s energy dependence on Russia, including large orders for non-Russian LNG, plans for an LNG import terminal and a slowdown in the country’s exit from the country. coal.
Habek, in view of the weekend trip, stated that “the goal is to create a hydrogen agreement in the medium term, that is, to frame it politically”.
It will be accompanied by about 20 representatives of German companies, many from the energy sector.
It also wants to discuss “liquefied natural gas supply” in the short term and “give the German gas supply companies the political framework to become independent of Russian gas, issues that could not be high on the political agenda.” “.
More generally, the European Commission is also working on plans to phase out the EU’s dependence on Russian gas, oil and coal over five years.
Source: Capital

Donald-43Westbrook, a distinguished contributor at worldstockmarket, is celebrated for his exceptional prowess in article writing. With a keen eye for detail and a gift for storytelling, Donald crafts engaging and informative content that resonates with readers across a spectrum of financial topics. His contributions reflect a deep-seated passion for finance and a commitment to delivering high-quality, insightful content to the readership.