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Germany is preparing to welcome its first floating liquefied natural gas terminal, designed to ease the country's energy crisis after it was cut off from Russian supplies, AFP reported, citing local government officials.

The Hög Esperanza is due to dock in the port of Wilhelmshaven North in the coming days, loaded with Nigerian liquefied natural gas (LNG), enough to cover "the consumption of 50,000 households for a year", an economy ministry spokesman said.

The FSRU-type terminal, currently sailing off the coast of Brittany according to the Marine Traffic website, will be moored for several years in the port for this city on the North Sea coast.

The platform to connect it to the country's gas transmission network, built at a rapid pace in just a few months, will be opened in the presence of Chancellor Olaf Scholz on December 17.

Germany's first LNG terminal will be able to supply annually the equivalent of 20 percent of the Russian gas the country imported before the current crisis.

The US will not increase the prices of its supplies of liquefied natural gas to Europe

Unlike other European countries, Germany had no liquefied natural gas terminals and relied on receiving the fuel via Russian pipelines on land and on the bottom of the North Sea.

The country already receives LNG via Belgium, the Netherlands or France, but at very high transport costs.

In order to guarantee its energy security and save its gas-dependent industry, Berlin began to invest on a large scale and released three billion euros for the leasing of FSRU-type ships, BTA notes.

natural gas

Germany

liquefied gas