Germany May Not Use All Its New LNG Capacity, But It Is Still Necessary

Germany may end up using less LNG import capacity than it has planned to roll out this decade, but better safe than sorry, the chief executive of the top German utility, RWE, said in an interview with German business magazines Der Stern and Capital. “It may be the case that the LNG terminals are not fully utilized. But you need them as an insurance premium,” RWE’s CEO Markus Krebber said in the interview published on Wednesday. RWE is leading the project for one of the floating storage and regasification units (FSRUs) that German…