Episode 1438 • • 1:02:26 - 1:10:26
1438: Trips of Clump
German Mittelstand, LNG Terminals, Russian Gas Sanctions
The German "Mittelstand" companies, which employ 60% of the nation's workforce, are highly vulnerable to skyrocketing energy costs caused by retaliatory sanctions against Russia. Energy economist Claudia Kemfert notes that while Germany is seeking LNG contracts with Qatar, the lack of domestic terminals makes replacing Russian gas a multi-year challenge.