Two billion cubic meters of gas have already flowed into Europe through LNG terminals in Germany

Supplies of liquefied natural gas (LNG) have been crucial for Europe over the past year, as they are the primary replacement for lost Russian gas supplies, which previously flowed to Europe through pipelines in much larger volumes. New floating terminals off the German coast have also helped increase import capacity in recent months, with more than two billion cubic meters of gas already flowing through them into the country’s gas grid. Compared with the loss of supplies through the Nord Stream 1 pipeline, which previously carried Russian gas to Germany, however, this is still a relatively small volume.

Three floating LNG import terminals (FSRUs) have already started operating in Germany since last December, helping the country replace lost natural gas supplies from Russia. Until the Nord Stream 1 pipeline was shut down, Germany was by far the largest importer of natural gas from Russia, and such a significant loss of supply posed a major challenge for the country and for Europe as a whole. Other European countries also increased their LNG import capacity, which, together with full storage facilities and relatively warm weather, helped Europe get through the past winter without major problems.