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(Bloomberg) — Chancellor Olaf Scholz urged residents to proceed their energy-saving drive and mentioned Germany’s new floating LNG terminals will make Europe impartial of Russian fuel for the long run.
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In his New Yr’s handle to the nation, Scholz acknowledged that the power disaster triggered by Vladimir Putin’s invasion of Ukraine was a “robust check” for the continent’s greatest financial system.
However he mentioned Germany had refused to collapse to Kremlin “blackmail” and that the brand new liquefied pure fuel terminal at Wilhelmshaven, along with others logging on within the coming weeks and months at Lubmin, Stade and Brunsbuettel, would guarantee Germany will get by way of the winter.
Scholz additionally pointed to “well-stocked fuel storage amenities and to the joint effort now we have made to avoid wasting power over current months,” in keeping with the textual content of his handle. “That may stay necessary within the months forward,” he mentioned.
Germany relied on Russia for greater than half of its fuel imports earlier than the Ukraine warfare and is more and more turning to LNG to fill the hole after Moscow halted pipeline provides.
On the similar time, demand for the gasoline has dropped considerably, partly because of hotter temperatures. It fell virtually 1 / 4 final week in contrast with the typical for the previous 4 years, in keeping with information from the Federal Community Company.
In addition to his upbeat message on power, Scholz reiterated his authorities’s backing for the federal government in Kyiv, and mentioned NATO and the European Union have been extra united than ever.
“Putin didn’t handle, as he had deliberate, to overrun Ukraine in a matter of days,” Scholz mentioned. “Quite the opposite, the Ukrainians are bravely defending their homeland — thanks partially to our assist. And we’ll proceed to assist Ukraine.”
–With help from Elena Mazneva.
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