Germany has begun construction on its first LNG import terminal, and in the meantime, has rented four mobile floating tankers as it scrambles to rid itself of the need for Russian natural gas. Construction of the LNG import terminal has been fast-tracked, with German Economics Minister Robert Habeck hoping to complete this at “Tesla speed”, in less than a year. The terminal is being built in Wilhelmshaven on the German North Sea, and officials are aiming to see the first LNG tankers dock at it by the end of this year. Additional LNG import terminals are being planned in two other regions. The terminals will receive LNG from the United States and the Middle East as Germany vows to replace Russian gas at lightning speed in the wake of a Wednesday proposal by the European Union for a full ban on Russian oil. “We have a good chance of […]