Germany’s Floating Gas Terminal Budget Triples to €9.7 Billion
- Cost estimate is three times higher than initial estimate
- German government chartered five floating LNG import units
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Germany’s bill for new floating liquefied natural gas terminals is ballooning, with the cost now more than three times higher than initially budgeted.
The facilities are estimated to cost €9.7 billion ($10.2 billion) for the period from 2022 — when the first units are set to start — until 2038, German Economy Ministry spokeswoman Beate Baron said at regular government news conference in Berlin Friday.