> Your lecture would have been more reasonable if I had not already given a specific example of diversification. Namely the construction of a LNG terminal.

> Here are numbers for you. The Sabine Pass LNG project in Louisiana, USA, was constructed for about $5 billion. Its capacity is almost exactly the same as the Nord Stream 1 pipeline, which was constructed for approximately €15.7 billion. Thus for 1/3 of the cost of the pipeline, Germany could have provided themselves a backup plan for Russian gas, while requiring zero changes from industry and consumers.

LNG isn't even in the ballpark of what would be needed to replace Russian gas in volume. About 40 LNG terminals are currently operational in the EU. Even if you could use their full capacity, it wouldn't be enough to replace Russian gas. And it wouldn't affect prices positively aswell. LNG is only good for preventing actual shortages, not replacing the source. Even if Germany had built 5 LNG terminals in the last decade, it would be a drop in the bucket.