EU OKs German LNG Subsidy
This is a Germany news story, published by Yahoo Finance, that relates primarily to Teresa Ribera news.
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German subsidiesDPA International
•Brussels approves €4 billion in German subsidies for LNG terminals
72% Informative
European Commission gives green light for German subsidies worth $4.2 billion for operation of four floating terminals for the import of Liquefied Natural Gas .
The state aid "significantly contributes to ensuring continuity of gas supply to Germany and neighbouring countries following the end of Russian pipeline gas imports," said European Commission Vice President Teresa Ribera .
The grant contributes to reducing dependency on Russian fossil fuels and enables the diversification of energy supplies, she added.
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