CAPTION: Authorities approve construction of Germany's first LNG terminal. (picture alliance / SVEN SIMON | Frank Hoermann / SVEN SIMON)
Authorities in Germany have given the green light for the construction of the country's first liquefied natural gas (LNG) terminal to begin immediately, energy supplier Uniper announced.
"The rapid approval for the early start of construction shows the importance of the LNG terminal in Wilhelmshaven for the country's security of supply," Uniper chief executive Klaus-Dieter Maubach was quoted as saying in a press release.
According to the company, construction of the floating LNG terminal in the city of Wilhelmshaven on the North Sea coast was officially starting on Monday.
It is expected to handle up to 7.5 billion cubic metres of natural gas per year, meaning it is able to meet about 8.5% of Germany's current annual gas demand, and scheduled to go into operation at the end of this year or the start of 2023.
The news come as Berlin is attempting a shift away from Russian energy. Moscow has already significantly reduced the supplies of gas reaching Germany via pipeline, with the country racing to seeks other energy sources.
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