Germany is set on the lookout for alternatives to Russian energy during the coming winter, as sanctions by the country made Russia halt the supply of energy to Berlin.
A report from Germany stated that the country is in negotiations with some top natural gas supplier companies, with Shell Plc among the preferred companies to replace the mighty Gazprom of Russia.
According to the German Chancellor’s top economic aide, Joerg Kukies said, the country has held potential procurement from major global suppliers of liquefied natural gas as the winter approaches.
The stop in gas supply by Russia to most European countries will put the economy and life at risk during the winter, and failure to look for possible alternatives might jeopardize the whole of the continent.
Britain has resoundingly agreed to cut short gas supply to neighboring countries to prepare for the winter, while others without energy reserves are on the lookout for fossil fuel, with an alternative by the EU is going back to coal.
Joerg Kukies in a report from Bloomberg says, he held talks on potential procurement in Sydney during a two-day energy forum, and that the country is ready to accelerate plans for a new LNG import terminal, he said on Wednesday at the forum.
With an agreement set to be made with other companies, Germany will seize to rely on Russian fuel on a wider scale, who amount to more than half of Germany’s gas supply last year.
While still looking for potential companies to bargain with, the country is not limited to a particular country or company to engage with, other alternatives have been in negotiation with Qatar also an embodiment of LNG.
With Germany as a possible alternative for supply, major European countries have also threaded the path to stop dependency on Russian fuel which has been halted due to the sanctions.