Germany takes steps to spur more investment in LNG terminals | Reuters

Germany takes steps to spur more investment in LNG terminals | Reuters:

Germany’s cabinet on Wednesday approved a plan that will make it easier for LNG project companies to invest in new LNG terminals as part of efforts to diversify the country’s sources of gas.

Under the legislation, LNG companies will only pay a 10 percent share of the connection costs for LNG, giving them more scope to invest in LNG projects. At the moment, pipeline companies have to put up the initial cost of the pipelines and then recoup this over the long term via network usage fees that are part of customers gas bills.

“It is important for the supply security of gas in Germany to be able to use as many supply routes and sources as possible,” economy minister Peter Altmaier said in a statement.