In a significant turning point, the German Bundestag passed the LNG Acceleration Act (LNGG) on 19 May 2022. The objective of this new law is to help Germany attain independence from Russian gas supplies more quickly. To this end, the law simplifies authorisation procedures for liquefied natural gas terminals and related facilities as well as public procurement law governing the contracts for these projects. However, contrary to the bill originally introduced in the Bundestag on 10 May 2022, many of the simplifications to the authorisation procedure only apply to floating units (FSRUs). The law still needs to be approved by the Bundesrat.
In our GSK Update, we comment on the LNGG, present legislative amendments with the same strategic aims in Schleswig-Holstein and explain the basics of the state aid law framework for partial public financing of investments in LNG terminals.
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