Germany intends to open a Baltic terminal for liquefied natural gas (LNG) by early 2024, linked to the infrastructure of Russia's defunct Nord Stream gas pipeline network.

 This is reported by Bloomberg.

 According to agency sources, the plan was discussed on April 20 during a closed-door meeting with Chancellor Olaf Scholz and Economy Minister Robert Habek.

 "The pipeline will be connected to the existing gas infrastructure in Lubmin from the spring of 2024," Habek said, referring to the connection point on the mainland where the dormant Nord Stream pipelines also terminate.

 Germany, Europe's largest economy, is struggling to improve its energy security as the region recovers from a historic supply crisis caused by the fallout from Russia's war against Ukraine. Last year, Russia severely limited gas supplies to the region, including the Nord Stream gas pipeline to Germany. This network was later disabled by a mysterious explosion in September.

 Germany relies heavily on LNG to fill power shortages, especially with the closure of its last remaining nuclear power plants this month. It has opened three floating LNG terminals and is expected to increase them.

 The economy ministry said on Thursday that the government has bought unused pipes belonging to the Nord Stream 2 gas pipeline to build a terminal near Rügen Island.

 A spokeswoman for the ministry said on Friday that she could not confirm Habek's comments about the timeline, but added: "According to our information, both the chancellor and Minister Habek have emphasized the need to act urgently."

 We will remind you that in April 2023, the world is full of natural gas, which leads to a decrease in prices and creates a surplus of fuel in both Europe and Asia.