Germany certain to exceed 9.8 bln eur LNG terminal bill - EconMin

Kitco Media
By Reuters
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Reuters
FRANKFURT, March 3 (Reuters) - Germany's new infrastructure for floating liquefied natural gas terminals (LNG) will exceed previously expected costs, a paper issued by the Economy Ministry said on Friday. The Bundestag lower house of parliament has approved 9.8 billion euros ($10.40 billion) for the 2022-2038 period, but "It is already clear now, that more cost increases will have to be added," said the paper. The paper had been drawn up partly with the help of a study undertaken by the Cologne economic research institute EWI. ($1 = 0.9422 euros) (Reporting by Vera Eckert, editing by Matthias Williams)

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