Germany’s gas demand, which is currently just above 90 billion cubic meters (Bcm) per year, is set to increase to more than 110 Bcm by 2034, but as future supplies from Norway and the Netherlands dwindle, new imports must be sourced. A Rystad Energy comparative analysis shows that importing more Russian gas through the Nord Stream 2 project is the most reliable and cheapest option versus US liquefied natural gas (LNG) cargos and other intra-Europe pipe routes. Data from the last complete year, 2019, shows that Germany – acting also as a gas transport hub – imported 55.5 Bcm of gas from Russia, 27 Bcm from Norway and 23.4 from the Netherlands, with the three countries accounting for 92% of German gas imports. With the ambitious goal of decommissioning all nuclear power plants by 2022 and all coal power plants by 2038, German gas consumption is forecasted to rise […]