Germany Still Years Away From Replacing Russian Gas Capacity

Germany is still years from substituting Russian pipeline gas imports with liquefied natural gas capacities, according to estimates by the country’s Economy Ministry. 

Chancellor Olaf Scholz told Bloomberg last week that the country had learned its lesson from being too dependent on Russia. The goal now was to build capacity that gives Germany the chance to have as much gas as it had before the invasion without importing from Russia, he said. 

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