supplying german households and industry. berlin is spending big. billions have gone into the for new ellen, g terminals. the government needs investors and to sign contracts with several partners, including open grid europe, o g, e, the countries biggest pipeline network operator, which has just weeks to complete the new pipeline. it will give you the best emoji is put its best team on the project, which will take priority over other projects. saltado we've got 70 seventies in construction and we'll have more than 700 workers. and one that's much more than usual. bush hold on. option hom, rhoda, a carrier can supply ellen g every 3 days. one of the major suppliers claims it can easily replace russian gas supplies to germany. the carriers dock at the floating storage re gas if occasion units. the f s are use i la f as i used to yet st with that type of hard to contract was signed today for a face i use that will provide a quarter of germany's gas meets at dodge. gov. that's a significant amount that is not to the for the german government, we will be a step closer to having independence from r

the politicians are keen to avoid delays to their ellen g plans. their priority is ensuring the country can meet its gasoline and reduce its dependence on russian gas. long as you will know, oil and gas has made some russians extraordinarily rich. we've all seen pictures of the oligarchy, super yacht sailing clear blue waters, but the business arrangements of many wealthy russians can be far from transparent . their operations can be protected under a veil of secrecy, and defend it through the use of intimidation. good liberals over by the dominated questions are not welcome here at the gates of the russian company, an essay in the czech republic, y'all be off. they were back. oh, let emma say are certainly afraid of losing their jobs. of a dollar people are talking, especially in the evenings at the pub wood, about how things have been getting worse for a long time, but got a g activist petition, but no one from the outside can really say what's going on in the factory at a company meeting, the russian managers muzzled all their employees. the eco

a carrier can supply ellen g every 3 days. one of the major suppliers claims it can easily replace russian gas supplies to germany. the carriers, dank at the floating storage re gas if occasion units the f as are use i la f, as i used to yet st with a type of hard to contract with science today for a face, i use what will provide a quarter of germany's gas me it said dodge me, i've got, that's a significant amount that is not to the for the german government will be a step closer to having independence from russian gas in. so we're not paying god follows me of gus. but here in val himself and on the north sea, environmental concerns are dampening the mood the coast is home to the harbor porpoise, a protected species, conservation of say, the ellen, geez, in danger the sea animals. so they are going to take legal action lavender sluggishly was of course, the boring of the world that we hear right now. how to causes vibrations, underwater that can disturb, porpoise habitat, zebra, fine. but the main threat to them is actually th

meal, by thanking you warmly for the marble solidarity that japan showed by diverting some of its ellen g supplies to europe. it was at a crucial time for us at the height of the european heating season. and we will not forget this, this shows the power and the solidarity of democracies working together. and joining me enough and to care for more on this is mito sooner or he's an associate professor at care university and specializes in international security and european politics. professor rocha japan and the you have always been close partners, but what impact has 2 years of go over 19 and the ukraine war had on this partnership? gave you credit war. he has a lot of a big impact on the either japan relationship, which is the theme as a sort of a catalyst for more contact and more closer coordination between the 2. because they're what we athene now is an unprecedented level of coordination and dialogue between the 2 partners mainly on ukraine, economic sanctions against the grain. but at the same time in the g 7 context as well. japan and either the part of g 7 pro says sunday answer i

ships is a major part of its plan to get their work has already started on the country's 1st floating ellen g terminal. it's expected to inter service within months laying the foundation for greater energy independence. that terminal that will allow germany to import gas by c, $150.00 steel piles will anchor the natural gas terminal to the sea floor. it's being built in record time liquefied natural gas is set to start arriving here by the end of the year. i think we have a good chance of doing something that looked impossible building and l. n g terminal within 10 months and connecting it to the german gas supply. onto the dodge a golfer bone for floating liquid gas terminals will be built along the north sea coast. 2 of them in bill homes haven't and 2 and 2 other places together. they are expected to meet one quarter of germany's natural gas needs. the government is providing 3000000000 euros for construction key to the project. other special ships that convert the super cold liquid back into gaseous form and feed it into the gas network. on thursday, the german economy ministers signed th

we're looking at floating ellen, g terminals and other sources lawyer. but so expense work or, and we working on building the necessary infrastructure to terminals, minute 40 for pipeline life. it had never before seen pace had forensic club sermon, shazlaw shalt speaking. there. now let's cross over to our very own benfor sewland in davos. been how confident are people where you are that europe's biggest economy will make this transition, this shift away from russian fossil fuels in a rather short time. and the experts i've spoken to here. christoph say they can do it even quicker. it was interesting to hear what shots had to say there, that person is pushing us towards carbon neutrality. that's the fact we were seeing . the 2nd wind for the renewables sector, and one of the bosses and a danish company best as the biggest wind turbine maker in the world, said that russia's missing out big time. that there's a huge, vast wind resource there that i can be tapped into. and they were building to huge factories there with hundreds of workers, but they've had

we see it today that the ellen g deliveries from other parts of the world other than russia have doubled in q one in 2022 compared for example to the previous year. the 2nd element we are working on in re power e. u is the security of supply through better interconnections so that the gas can flow wet ever. it is needed. and of course the common objective to have a more strategic storage across a gas storage across the european union. here we have good news. august storage is already filled at 41 percent of the capacity. this is 5 percentage points higher than it was the case last year at the same date. and then the 3rd is the most important pillum, and this is the massive investment in renewables. it's accelerating the deployment of renewables across the european union. the renewable energy has the big advantage that it is not only good for the climate, but it is also good for our independence and good far as security of supply and it creates jobs at home. so for this plan and we power you, we have been discussing with the council european council, we are proposing to support it with 30

we're looking at floating ellen, g terminals, and other sources lawyer but trucks fence work, and we're working on building the necessary infrastructure terminals, minute 40 from pipeline at a never before seen pace for months. well, as well as sourcing its oil and gas from elsewhere, germany is also hoping to move towards a greater reliance on renewable energy sources. most in debt, home is group senior vice president of the world's biggest wind turbine make a vest us from denmark. he's been speaking to d. w correspondent in davos benches, even is the shift away from fossil fuels, giving renewables a 2nd wind or a global supply chain disruptions and inflation, putting the brakes on renewables. what do you think? i think this is going to give an enormous boost of renewables. and the good example of that was just last week at one of our facilities in denmark for prime ministers from the north sea, announced a $150.00 gigawatts of additional offshore wind. as a consequence off off the invasion of ukraine, i've talked to many experts here who believe that ukraine has a big role to play in

we see a 2 day that the ellen g deliveries from other parts of the world other than russia have doubled in q one in 2022 compared for example to the previous here. the 2nd element we are working on in re power e. u is the security of supply through better interconnections so that the gas can flow wet ever. it is needed. and of course the common objective to have a more strategic storage across a gas storage across the european union. here we have good news, august storage.

the liquefied natural gas terminals are mainly located on coasts. germany's 1st, ellen g terminal is only now being built, but 3 more plans. the countries of europe connected by a gas pipeline system, they can help each other and trade l, n, g and gas reserves. another advantage that can help them become independent of russian gas. mm. europe is quite good prepared, related to the gas and process because a lot of european countries have in the past, used diversified their emperors, especially because they have constructed liquefied natural gas terminals and the diversification strategy to also we're allow the flow off gas from the west to the east, for example, not only to the east, to the west, germany and the rest of europe already using less russian gas than before. but so max, but say that to further reduce gas use, europe's coal fired power plants will need to be switched on. nonetheless, energy will get more expensive for both individuals and companies. what consequences will that happen for the economy? due to our scenarios, we see that there are severe negative impacts, so the

going to be hosting the world cup in, in november gas with we've been investing for many years in ellen. g said that he got a buck hour though, and national never got a beer ahead. that rate be at the, at those the i at in november gas we've been, we've been investing for many years in ellen g and we're, we're very proud to hopefully the expansion will be there's a gas expansion that will be ready hopefully by 2026, we understand now the energy security is very important and gas fuller is playing a very vital role. and it's going to be very important for the transition period as well. so this is an investment that is very important to us and we're looking forward as well. that especially in the gas sector that term to explore new markets. europe is a very interesting market and we discussed this was the chancellors well this morning and how to develop this relationship? or i would say with the, we understand that the, the energy crisis has been there for a while. it was, it's not even deeper after the war in europe, but it was also before the war in europe. so we're very happy that, you kn

i mean the, the big thing to remember about ellen g is that, unlike oil, it's less fundable, but it is going in that direction, right? so it is, it is something that you can go to a global market and try to reply to the greatest extent possible. right. and so presumably, then a nice circumstance bell is not in a position to impose conditions that ethically or otherwise it's not clear. i mean it's, it's, you know, it's a little bit different from the long term contract that berlin had in previous government tried to build and remember, and the rest of the european union from 2015 after russia initially beat them. ukraine was working to actively diversify away from over dependence on russian natural gas in particular, but energy in general. germany took the other approach if it followed this flawed o politic policy where it was trying to actually entrench its energy relationship through the now defunct nord string. to pipeline, and these are the sort of things that germany is actively moving away from and getting onto the global market is, is really, you know, a big, big step. something

many european and asian countries need to cut our ellen g, but cut our has its own conditions. and all of this is happening in an atmosphere of uncertainty, and frankly, very competition because germany is not the only country. there are other potential clients that are eager to buy these natural gas. so i think that it will take time to resolve. it is not clear at all that the 2 sides will be able to agree, and if they do, it will take a month before we can see resolution. as less in countries scramble to find or have energy supply as the u. s. government has reportedly failed to persuade brazil's largest state run oil company to increase its crude output. washington say this now busy trying to resolve the economic standoff. we are doing everything possible with our allies and partners to mitigate the economic impacts of russian actions on other economies like brazil. we are working with energy companies to serge, their capacity to supply energy to the market, particularly as prices increase. those sanctions are definitely a double edge sword when it comes to oil, even if all

i mean the, the big thing to remember about ellen g is that, unlike oil is less fundable, but it is going in that direction, right. so it is, it is something that you can go to a global market and try to replace the volume that i think the most pardoning act that i've seen since, you know, in germany's well publicized vitamin vendor. this. suppose the era of kremlin deterrence, which we now haven't seen fully yet, but maybe things are going in the right direction. we saw minister, hobbit boldly predict on may 5th, you know, a good chance to do what is normally impossible in germany inside to build an l n. d terminal at home, often within about 10 months and connected to the german gas supply. and he also came out just last week and called kremlin kremlin energy practices is a weapon, invasion of energy or using energy, the weapon. this is something that was unthinkable from the merkel government and certainly unthinkable from former german chancellor. gerhard schroeder. so, i mean, it's really encouraging that the physical infrastructure for imports is being moved along quickly in germany

i mean the, the big thing to remember about ellen g is that unlike oil, it's less fundable, but it is going in that direction. right? so it is, it is something that you can go to a global market and try to replace the volume that i think the most heartening act that i've been since, you know, in germany's well publicized vitamin vendor. this. suppose the era of kremlin deterrence, which we now haven't seen fully yet, but maybe things are going in the right direction. we saw the minister, hobbit boldly predict on may 5th. you know, a good chance to do what it normally impossible in germany and said to build a l n d terminal at home often within about 10 months and connected to the german gas supply. and he also came out just last week and called kremlin kremlin energy practices is a weapon of ation of energy or using energy as a weapon. this is something that was unthinkable from the merkel government and certainly unthinkable from former german chancellor. gerhard schroeder. so, i mean, it's really encouraging that the physical infrastructure for imports is being moved along quickly i

build up its infrastructure to import liquefied natural gas by ship cutter wants to start sending. ellen g to germany in 2024. finland signed a deal with the u. s. company to buy liquefied natural gas after russia said it had hope supplies because housing he refused to pay in rubles. finland only gets 5 percent of its gas from russia. officials say, there'll be no disruption to consumers. russian missiles has hit a grain warehouse in east and ukraine. officials say the storage facility, se suffer shield is now completely unusable. russia has repeatedly targeted ukraine's grain warehouses and other civilian infrastructure. president vladimir putin says ross has been facing a growing number of cyber attack since he sent troops to ukraine in an address to his security council. who blamed foreign states for a barrel of attacks on government agencies, media, and financial institutions. he ordered officials to enhance security, adding the bratia needed to boost its defenses by cutting its reliance on foreign hardware and software. this is going now by and we show one who was a moscow correspond

there have been reports that negotiations with katara regarding ellen g terminals have hit some problems because of the length of contracts and things like that. do you have any comments regarding those negotiation? not? well, i have a comment, but i can't go too deep into the negotiations. because the companies are really doing the negotiations, but of what it's obvious that we need natural gas if you want to get rid of russian nation natural gas. this is the situation, but we won't be hijacked. and if someone is using the situation to ask, ask me to high prices, are to long term contracts, then we would find about partners. we really would like to cooperate with a lot of countries, but not under the condition that they but they dictate the conditions. so it's a market and we will find other suppliers if the categories are asking for too high prices. thank you very much. well, let's get more on this european, the plan from christian yann's, and who c e. o of green power, denmark in copenhagen. welcome to d w. if the a you have a target of ditching russian fossil fuels within 5 year, how

we inaugurated an ellen g terminal, also unable to coast, we are importing in our gas from the do not at staging, from murk at all. and we also have them all own resources of this particular raw material. ah, it is a very encouraging and very reassuring development because we have always focus on energy security or as one of the most important pillars of all our collective security. so it is happening and out. it is happening now, and we are so glad that there is an ongoing discussion also in germany about that, that possible shift in germany's energy policy. if they have started even started talking about a return to nuclear, this is or something really impressive and remarkable. i don't know whether they will finally choose to this path, which would be a revolution in germany for internal politics. ah, but i hope that we will find common ground also with countries. which sure are now hesitant to cut off all those economic ties with russia. let me ask one last question. i was recently in estonia and was somewhat pleasantly surprised, but also kind of shocked to see that they have alr

contribute to europe's energy security f linus land rover and we've been investing for many years in ellen g. and we're, we're very proud to hopefully the expansion will be there's a gas expansion that will be ready, hopefully by 2026. we understand now the energy security is very important. and gas full is playing a very vital role. and it's going to be very important for the transition period as well. so this is an investment that is very important to us and we're looking forward as well. that especially in the gas sector to explore new markets. now as trainings are voting in a national election with opinion poll showing the opposition labor party naturally ahead of the ruling. conservative coalition minister scott morrison has held a top job for 4 years. labor leader anthony albany, 0 calling on voters to choose change. the campaigns been dominated by rising living costs, climate change, and national security. voting is compulsory. our initial results should be known later on satellite. what's their o'clock? georgia live now from sydney, sarah. so this is playing out to be a bit of a tigh

and ellen g, a, we're very proud to hopefully the expansion will be there's a gas expansion that will be ready, hopefully by 2026. we understand now the energy security is very important. gas will, is playing a very vital role. i'm going to be very important for the transition period as well . so this is an investment that is very important to us and we're looking forward as well. especially in the gus for that term, to explore new markets. ah . the usa department has repeated its call for a thorough and transparent investigation into the killing of its john list in the occupied west. the jealousy occupies at west bank. it says it must include accountability. trina, i will actually was shot in the head by israeli forces last week while she was on the assignment in janine, on the day of her funeral israeli forces storm the procession and beat mourners, calling the pool berries, causing the pool berries to almost drop her casket. i didn't stop thousands of palaces are marching through occupied east jerusalem for funeral and burial members of the international community of condemned or k

at the end of the winter, the storage facilities would be empty, but we would then have 2 more. ellen, g terminals so we could fill them immediately again plan. that's the plan to also become independent from russia's blackmail was done. hopefully it will work out. but it day like today makes me confident that it can work. but building new l n. g terminals cannot cover all of germany's energy need, most of which have been supplied by russia for many years. in march, deputy chancellor robert havoc was in qatar to negotiate a deal for it's l n g. a deal which could only replace some of the russian supply. you would have to substitute roughly 50000000000 cubic meters of metric pipeline gas per year. and the determiners the fs are use that being contracted, or that has been contracted. they would accommodate maybe a 5th of that. there are some aspects of the potential deal for category l, n g, which proving problematic. the government in doha wants it to run for 20 years and is insisting on what's called a destination clause. effectively meaning, germany would not be able to reroute some of

to start sending liquefied natural gas from 2024, we've been investing for many years and ellen g and her were very, are proud to hopefully the expansion will be there's a gas expansion that will be ready hopefully by 2026. we understand now the energy security is very important and a gas fuller is playing a very vital role and is going to be very important for the transition period as well. so this is an investment that is very important to us and we're looking forward as well. that especially in the gas sector that to him, to explore new markets cutters. and they're also reassured football fans about the upcoming world cup. we do not stop anybody from coming to have with any different backgrounds, any different belief. katara is a very welcoming country. we have millions of people that come and visit our country. and the world cup is a great opportunity for people from different parts of the world. to come and experience our culture and we will not stop anybody from coming visiting, enjoying the football. but i want also everybody to come and understand, enjoy also their culture to

now sir. european countries have been requesting additional. ellen g imports from cattle since february, that was even before the war, and ukraine broke out is cut actually in a position to meet this demand, given most of its exports go to asia currently differently covered with that good, an expansion now in the north field or they are going to come up from a 10213000000 tons and and in 2025, they would probably read sure. $122000000.00 a has always been her dear delivering to all you would have be unsafe, bluster, the asian one, some of the asian one. they are going to was started treading song from australia while some of the categories are being shipped due to the unfortunate war in you. great, because i was the wells biggest allen g exports last year and, and we know the countries big ambitions to grow its business even more. is it on track to do this? definitely they pay have already started the construction of the notes in which the huge $4.00 to $6.00 methods trains. and by the time germany for example, if you are talking about the, the judge many, they have started construction

the gas price would be linked to oil prices and germany would not be able to reroute category ellen, g to other e, you states which it does currently with russian gas middest as it berlin. do not really like any of those conditions. and there are other conditions in doha, which some here criticize lucidly. the human rights situation with the football world cup in cats are looming. the amier says, all cultures are welcome in his country, but he was all who visit his country to respect category culture. thought again, al jazeera berlin, who attorneys our life from london. marcella had on the program a baby in this flooded a sam state. why even pregnant women are waiting days to be rescued. australia prepared to vote in a close election which could see the labor party and a decade of conservative rule. and later in sport, novak joke of h looks to make up for lost time. at the french open ah, through our state department is reiterated. it's cool for a thorough and transparent investigation into the killing of an al jazeera journalist in the occupied west bank and says it must include accou

the gas price would be linked to oil prices and germany would not be able to reroute category ellen g to other e, you states, which it does currently with russian gas ministers in berlin. do not really like any of those conditions. and there are other conditions in doha, which some here criticize notably the human rights situation with the football world cup in cat are looming. the amier says, all cultures are welcome in his country, but he was all who visit his country to respect, category culture, dominate cane al jazeera, berlin. alex schindler is the president of energy intelligence. he joins us by skype from london. thanks for being with us here on the program at how significant then is this gas deal between germany and cattle? well, highly, it's nice to be here. i. it is actually very significant because it's a deal as your program just outlined that have been worked on for a number of weeks now. and near the fact that there been a several sort of problems with getting it done on the reserve, outlined about the questions around the long term nature of the actual contract and the

and whether it's ellen g, whether it's alternative sources of energy. ah, the polls have been very much developing diversification in terms of energy sources . and so when the russians did that, the impact was not actually that bad. um, but energy prices were affected and it's important for further steps to be taken by the polls and those who want to work with the polls towards further energy diversification. well, we appreciate your insights during a very busy time at mac rodzinski, the us ambassador to poland, coming to us from warsaw. thank you for your time on this knees. our thank you, emily. the government in zimbabwe has ordered banks to stop lending money to try and stop currency the valuation. the president blames banks for approving excess lines and for fueling the inflation rate of 66 percent. and you tax on all foreign currency transactions is also being imposed. ali can sat, you is an emerging markets economist, and he joins us live from kenya's, capital, nairobi, thanks for being on the program. firstly, how will the suspension of bank len

g 7 finance ministers have agreed to a financial package. what? $18400000000.00. that's according to a draft communicating by reuters. a us treasury security janet, the ellen, she confirmed that the ministers had agreed to some sort of a financial package, but she did not inform the $18400000000.00 figure. this see says that the g 7 ministers are behind ukraine and they are doing whatever it takes to, to ensure that it has the resources to go through this period of water. it's been devastating time for you korean and it needs money to just be the basic salaries and go through on a daily basis. so this, the money that is being pledged would take care of the immediate needs of ukraine. i remember the number that was coming out before the meat was $15000000000.00, and that was the amount that ukraine had estimated. it would need for the next 3 months for being of salaries. and this is a little more than the that 15 dollar mark road ashtosh ponder on location near bon, where g 7 finance ministers are meeting. thank you very much. and let's go now to some of the other global business stories making headlines. protests are intensifying in sri lanka, the g 7 coun

ellen gene. so i just have to hope we can get the treatment for david or to get the g. i know that he would live young. i don't know whether he would be able to set up a walk, but i know he would live. having flipped the wall with the children and coping with of its illness liter cannot be certain she will ever return to ukraine. that she remains resolute. your mom of jackson, i am firstly, the mother of 2 sons. walks in the woods, give young and i cannot be we key fob with but in its m. yeah, my am i have to stay strong. ah. oh, across the united states, the reverberations from a leak to supreme court draft opinion continued to ring. it look set to end the constitutional right to abortion. in many conservative states, that would mean an immediate ban in place. as soon as the court hands down is official ruling and many others are planning to introduce tougher restrictions on access. as i'm abortion providers are reporting a surge in demand before the ruling as handed down. here is the president of planned parenthood speaking after the week. first of all, abortion is st

liquefied natural gas. ellen gee, was start reaching germany from 2024 and says, cut our will help contribute to europe's energy security. rubin industry for many years, and l n g. and we're, we're very proud to hopefully the expansion will be there's a gas expansion that will be ready, hopefully by 2026. we understand now the energy security is very important and gas fuller is playing a very vital role. and it's going to be very important for the transition period as well. so this is an investment that is very important to us and we're looking forward as well. that especially in the gas sector that to explore new markets. but you are stock market now and he averted entering a bear market on friday. the benchmark s and p 500 index ended 18.6 percent below the record high set in early january. a recovery late in the day prevented the index and finishing more than 20 points below that mark, which would have been considered the beginning of the bear market. analysts are seeing this as a sign the u. s. put into a recession in the near future. rising interest rates, high inflation to warn ukraine and a slow down in china's economy. a cause and investors to lose conf