Germany's energy supply for this winter is secure, Chancellor Olaf Scholz said on Wednesday, adding that the ability of Europe's largest economy to swiftly wean itself off Russian gas has shown how flexible and speedy it can be.
In an upbeat speech at the annual meeting of the World Economic Forum in Davos, Scholz highlighted efforts to get over the energy crisis unleashed by Russia's invasion of Ukraine, including the swift creation of liquid natural gas terminals.
Scholz said he was aware additional gas resources needed to be found to ensure greater European demand for LNG did not drive up prices and therefore scarcity for poorer countries, without elaborating on how to go about that or whether Germany would be willing to invest in new gas projects.
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