You were told correctly. Germany did not build an LNG terminal in a year. What they did was lay a pipe that will got to 5 floating LNG regasification ships…that probably cost around $200,000 - $300,000 a day to charter. The cost has now more than doubled the original. And…these 5 ships still won’t replace all the gas that Germany was getting from the guys to their east.
BERLIN, Nov 20 (Reuters) - The purchase and maintenance of floating liquefied natural gas (LNG) terminals to help Germany secure energy supplies and diversify away from Russian gas, will cost more than 3 billion euros ($3.10 billion) more than planned, the economy ministry said on Sunday.
Overall, the costs are estimated at about 6.56 billion euros, the ministry said, confirming a report in Der Spiegel. That compares with 2.94 billion euros estimated in the country’s 2022 budget.