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VC Habeck-US Does Not Expect Germany To Join In Russian O&G Sanctions

ENERGY

Wires and social media reporting comments from German Vice Chancellor and Economy Minister Robert Habeck stating that the energy price 'explosion' is 'unprecedented' and that Germany will aim to have LNG terminals operational within two years in an effort to diversify the country's energy supplies.

  • Habeck says that energy supply diversification must be done at 'Tesla speed'.
  • On US sancitons on Russian energy, says 'USA are an oil exporting country. Germany is an oil-importing country. Nobody there expects us to get out [of Russian hydrocarbons]'

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