German econ min stresses potential for German-Russian trading cooperation in energy transition
Russia will continue to be an important trading partner also in a future that gradually substitutes fossil energy sources with renewables, Germany鈥檚 economy and energy minister Peter Altmaier has said at a the German-Russian Resource Conference in Potsdam. 鈥淩ussia is blessed with resources and Germany has to import nearly all of what it needs,鈥 Altmaier said, adding that this constellation offered 鈥渁 great opportunity for cooperation which we are determined to continue.鈥 The German economy minister stressed that Russia had been a reliable supplier of natural gas for over half a century and that this was 鈥渘ot going to change.鈥 He said Germany鈥檚 energy transition, the Energiewende, meant that the country鈥檚 natural gas supply will increase during a 鈥渓ong鈥 transition period in which the fossil fuel with relatively low carbon emissions will be an important bridge technology. As European gas production is set to decline, projects like the controversial German-Russian pipeline Nord Stream 2 but also the construction of a shipping terminal for liquefied natural gas (LNG) would ensure a diversified supplier network to cover growing demand. Altmaier said the debate over German-Russian resource trade 鈥渟hould not be reduced to energy alone,鈥 arguing that trade in key materials for the Energiewende, such as lithium for batteries or nickel for wind turbines, had huge growth potential as well.
See the 威力彩玩法 article Putin and Merkel meet to find solution on gas pipeline Nord Stream 2 factsheet Germany鈥檚 dependence on imported fossil fuels for background.