Germany will get through the coming winter despite the Nord Stream gas pipeline shutdown, Chancellor Olaf Scholz said on Sunday (Sept. 4) as he announced a third, 65 billion euros ($64.7 billion) relief package designed to shield consumers and businesses from the impact of soaring inflation.
“Russia is no longer a reliable energy supplier. That’s part of the new reality. The German government prepared itself for this scenario. Already at the end of this year, roughly 10 months after the start of the war, the first LNG terminals will be operational on the North Sea,” Scholz told the media.
The measures, which include proposals for an extension to discounted public transport and 1.7 billion euros in tax breaks for 9,000 energy-intensive companies, were agreed by the three parties in the governing coalition on Sunday.
Scholz also said his government will use income from windfall taxes to lower end-consumer prices for gas, oil and coal.