• 3 minutes e-car sales collapse
  • 6 minutes America Is Exceptional in Its Political Divide
  • 11 minutes Perovskites, a ‘dirt cheap’ alternative to silicon, just got a lot more efficient
  • 7 hours GREEN NEW DEAL = BLIZZARD OF LIES
  • 2 days How Far Have We Really Gotten With Alternative Energy
  • 21 hours By Kellen McGovern Jones - "BlackRock Behind New TX-LA Offshore Wind Farm"
  • 8 days Natron Energy Achieves First-Ever Commercial-Scale Production of Sodium-Ion Batteries in the U.S.
  • 9 days Bad news for e-cars keeps coming
  • 7 days The United States produced more crude oil than any nation, at any time.
  • 10 days RUSSIA - Turkey & India Stop Buying Russian Oil as USA Increases Crackdown on Sanctions
Charles Kennedy

Charles Kennedy

Charles is a writer for Oilprice.com

More Info

Premium Content

German Finance Minister Calls For Reverse Of Fracking Ban

  • German Finance Minister Christian Lindner is calling for a lifting of the ban on fracking.
  • Fracking was banned in Germany in 2017.
  • It is widely understood that Germany, due to its dense population, is not suitable for fracking.
Bundestag

Amid Russia’s war on Ukraine and a European energy crisis, German Finance Minister Christian Lindner is calling for a lifting of the ban on fracking, citing the high prices the country is paying for liquefied natural gas (LNG). 

Fracking was banned in Germany in 2017. 

Speaking to Germany’s Bild am Sonntag, Lindner said Germany should lift the fracking ban and “then private investors can decide whether extraction is economical.”

“Compared to gas from other regions of the world, I expect competitive advantages.” Lindner said. 

In his call to allow fracking, Lindner is breaking ranks with German Chancellor Olaf Scholz of the Social Democrats and Minister of Economy Robert Habeck of the Greens–both of whom are coalition partners.  

Germany has rejected fracking not only over environmental concerns. 

Last month, Scholz noted that fracking would be a costly and wasteful undertaking that would take too long to begin production. By the time production could be feasible, Scholz noted, demand for natural gas will have declined. 

The German Chancellor noted there was zero support for exploiting natural gas reserves through fracking in the country. 

“If you get close to it, it vanishes into thin air,” German media quoted him as saying in December. 

It is widely understood that Germany, due to its dense population, is not suitable for fracking, while the technological complexities would render it irrelevant to the current energy crisis. 

Instead, Germany has been building out LNG infrastructure at breakneck speed to increase its capacity to take in fracked American natural gas. 

By the end of 2022, Germany had succeeded in cutting its reliance on Russian gas to 20% from 55% the previous year, based on Bloomberg data. The country’s first new floating LNG import terminal opened in mid-December on its North Sea coast, with other terminals planned. 

By Charles Kennedy for Oilprice.com

More Top Reads From Oilprice.com:


Download The Free Oilprice App Today

Back to homepage





Leave a comment

Leave a comment




EXXON Mobil -0.35
Open57.81 Trading Vol.6.96M Previous Vol.241.7B
BUY 57.15
Sell 57.00
Oilprice - The No. 1 Source for Oil & Energy News