Germany to reduce dependence on Russian coal, gas, oil

German Economy and Climate Minister Robert Habeck said his country had entered into contracts with new suppliers that would allow the country to significantly reduce its dependence on Russian coal, gas and oil in the coming weeks.

German Minister of Economy and Climate Robert Habeck during a press conference in Duesseldorf, Germany, February 22, 2022. (Roberto Pfeil/Pool via REUTERS)

German Minister of Economy and Climate Robert Habeck during a press conference in Duesseldorf, Germany, February 22, 2022. (Roberto Pfeil/Pool via REUTERS)

Habeck told reporters in Berlin Friday that Russian oil would account for about 25 percent of Germany’s imports in the coming weeks, from around 35 percent currently.

Habeck said Russian coal imports would be halved from about 50 percent of Germany’s total imports to 25 percent in the coming weeks.

He said Germany also hopes to be completely independent of Russian gas by mid-2024.

To realize this plan, the government has secured the use of three floating terminals capable of regasifying liquefied natural gas (LNG) carried by ships and is working hard to build permanent LNG terminals for long-term imports. [ab/uh]