Switching to liquefied natural gas from America and Asia will require hefty investment
terminals. Before the war, it got 55% of its gas from Russia, a cheap supplier. The government has rushed to change that. On May 19th
the German parliament passed a law to speed up the approval and construction of terminals, doing away with some environmental checks. But building onshore facilities takes time. One quick solution is to lease floating storage and regasification units , ships that convert the liquid fuel back into gas. Germany’s government plans to install four in the near future, at a cost of nearly €3bn .
Other countries are following suit. Poland, which relied on Russia for around half of its gas , plans to bring forward the opening of anto 2025 and is considering installing another, allowing it to sell more gas to the land-locked Czech Republic and Slovakia. France and Italy have begun the process of acquiring their own; on May 30th SNAM, an Italian energy firm, reached a $350m deal to buy a vessel. In the long term, more onshore terminals are planned.
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