German finance minister calls for lifting fracking ban
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Germany鈥檚 finance minister Christian Lindner has renewed his call for allowing the controversial fracking technology to increase gas supplies. 鈥淭he ban should be lifted,鈥 the head of the Free Democrats (FDP) . 鈥淭hen private investors can decide whether extraction is economical. Compared to gas from other regions of the world, I expect competitive advantages.鈥 Lindner said that liquefied natural gas (LNG) imports are more expensive than Russian pipeline gas for logistical reasons, adding the price level will remain higher. Lindner鈥檚 position is in marked contrast to that of his coalition partners, the Social Democrats (SPD)聽聽and the Greens. Chancellor Olaf Scholz (SPD) and Green economy minister Robert Habeck have repeatedly rejected the technology.
厂肠丑辞濒锄听聽in December it was not worth exploiting domestic natural gas reserves using fracking technology because it would take too long to start production, and because gas demand is expected to fall. He also said there was 鈥渘o support whatsoever in society for exploiting these reserves in Germany.鈥 Scholz compared fracking to a mirage: 鈥淚f you get close to it, it vanishes into thin air.鈥 Habeck reiterated his rejection in late 2022. 鈥淭his does not lead to a sensible answer,鈥 Habeck聽said聽in November, adding the technology would lead to all sort of problems.
Unconventional fracking聽has been prohibited聽by law since 2017 in Germany. The technology is controversial in the country, largely due to residents鈥 worries about the environmental risks when extraction takes place in areas more densely populated than prominent producing regions like the state of Texas in the U.S..