• Germany's Habeck: energy price explosion “unprecedented”, want to diversify energy supplies at “Tesla speed”

Market news

8 March 2022

Germany's Habeck: energy price explosion “unprecedented”, want to diversify energy supplies at “Tesla speed”

German Vice-Chancellor Robert Habeck said on Tuesday that the recent energy price "explosion" is unprecedented and his country wants to diversify energy supplies at "Tesla speed", reported Reuters. Habeck added that Germany hopes to have liquid natural gas terminals (LNG) up and running within two years and that EU sanctions against Russia are designed to be bearable for EU citizens and its economy. 

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