Tausi Insider

German Chancellor Olaf Scholz, center, listens at an event during the opening of the LNG terminal in Wilhelmshaven, Germany, Dec. 17, 2022. Michael Sohn/The Associated Press Chancellor Olaf Scholz on Saturday inaugurated Germany’s first liquefied natural gas terminal, declaring that the speed with which it was put into service is a signal that Europe’s biggest economy will remain strong. The top three officials in the government – Scholz, Economy Minister Robert Habeck and Finance Minister Christian Lindner – attended the inauguration in the North Sea port of Wilhelmshaven in a sign of the importance that Germany attaches to several new LNG terminals that it is scrambling to build following Russia’s invasion of Ukraine. The terminals are part of a drive to prevent an energy crunch that also includes temporarily reactivating old oil- and coal-fired power stations and extending the life of Germany’s last three nuclear power plants, which were supposed to be switched off at the end of t...

A crude oil terminal near the Black Sea port of Novorossiisk, Russia, on Sept. 21, 2021. CPC/Reuters The images taken by a drone of Maryinka, near Donetsk in southeastern Ukraine, present a hellscape reminiscent of the Allied firebombing of Dresden near the end of the Second World War. Maryinka lies in smoking ruins, with barely a building or tree intact. Vast swaths of the city, which once had a population of 10,000, have been flattened. Maryinka’s “liberation” by Russian forces in December and into January (there are reports that Ukrainian soldiers still hold a few parts of the city) not only highlights the tragedy of Russia’s war of choice against Ukraine but also the appalling economic costs of rebuilding the country. Suppose Russia, which is thought to be preparing a mass offensive, manages to keep the bits of eastern Ukraine that it now occupies. It would face paying the equivalent of tens of billions of dollars to rebuild the cities and towns it wiped off the map. It would als...

German Chancellor Olaf Scholz, center, listens at an event during the opening of the LNG terminal in Wilhelmshaven, Germany, Dec. 17, 2022. Michael Sohn/The Associated Press Chancellor Olaf Scholz on Saturday inaugurated Germany’s first liquefied natural gas terminal, declaring that the speed with which it was put into service is a signal that Europe’s biggest economy will remain strong. The top three officials in the government – Scholz, Economy Minister Robert Habeck and Finance Minister Christian Lindner – attended the inauguration in the North Sea port of Wilhelmshaven in a sign of the importance that Germany attaches to several new LNG terminals that it is scrambling to build following Russia’s invasion of Ukraine. The terminals are part of a drive to prevent an energy crunch that also includes temporarily reactivating old oil- and coal-fired power stations and extending the life of Germany’s last three nuclear power plants, which were supposed to be switched off at the end of t...

German Chancellor Olaf Scholz, center, listens at an event during the opening of the LNG terminal in Wilhelmshaven, Germany, Dec. 17, 2022. Michael Sohn/The Associated Press Chancellor Olaf Scholz on Saturday inaugurated Germany’s first liquefied natural gas terminal, declaring that the speed with which it was put into service is a signal that Europe’s biggest economy will remain strong. The top three officials in the government – Scholz, Economy Minister Robert Habeck and Finance Minister Christian Lindner – attended the inauguration in the North Sea port of Wilhelmshaven in a sign of the importance that Germany attaches to several new LNG terminals that it is scrambling to build following Russia’s invasion of Ukraine. The terminals are part of a drive to prevent an energy crunch that also includes temporarily reactivating old oil- and coal-fired power stations and extending the life of Germany’s last three nuclear power plants, which were supposed to be switched off at the end of t...