Germany has finished constructing its first import terminal for liquefied natural gas, a milestone in its efforts to end its energy dependency on Russia. Germany has been striving to build new import infrastructure for gas since Moscow’s full-scale invasion of Ukraine on February 24, which led to a sharp decline in Russian gas supplies. «Germany can be fast and advance infrastructure projects with great determination when the federal and regional governments, together with the project participants, all pull together,» he said. Industrial use of gas also dropped 27 per cent in October, while German gas imports from the Netherlands, Belgium and Norway have increased slightly over the past few weeks, and France started to deliver gas to Germany in mid-October.
Credit Suisse provided an emergency $140mn loan to Greensill Capital based partly on invoices to companies that deny ever doing the business stated on the documents. The Swiss bank provided the loan in October 2020, less than five months before the collapse of Greensill, a supply chain finance firm that counted former British prime minister David Cameron as a senior adviser. Invoices issued by metals magnate Sanjeev Gupta’s Liberty Commodities and sold to Greensill formed part of the collateral for the loan, according to documents seen by the Financial Times and people familiar with the transaction. Yet several of the parties named on the invoices have told the FT they did no business with Liberty. GFG has consistently denied any wrongdoing. Credit Suisse’s loan had a clause dictating that the collateral value had to be equal to or greater than the $140mn borrowed. The terms of the debt agreement only allowed invoices on Green-sill’s balance sheet to count towards this tally if t...

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