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Reuters
Reuters
Business

Davos 2023: Germany's Scholz upbeat on energy, warns on deglobalisation

German Chancellor Olaf Scholz addresses the World Economic Forum (WEF), next to World Economic Forum (WEF) founder and Executive Chairman Klaus Schwab, in Davos, Switzerland, January 18, 2023. REUTERS/Arnd Wiegmann

Germany's energy supply for this winter is secure, Chancellor Olaf Scholz said on Wednesday, adding that the ability of Europe's largest economy to swiftly wean itself off Russian gas has shown how flexible and speedy it can be.

In an upbeat speech at the annual meeting of the World Economic Forum in Davos, Scholz highlighted efforts to get over the energy crisis unleashed by Russia's invasion of Ukraine, including the swift creation of liquid natural gas terminals.

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