Prime ministers of Italy and Belgium were among those to air frustration on Thursday with Germany’s refusal to cap gas prices as the 27 European Union leaders met for a Continue Reading
The German government may have to pour another up to $39 billion (40 billion euros) in saving the country’s largest natural gas importer, Uniper, on top of a multi-billion euro Continue Reading
Germany’s parliament on Friday approved the government’s 200 billion euro ($195 billion) rescue package that aims to protect companies and households from the impact of soaring energy prices. It earlier Continue Reading
Germany’s energy regulator chief Klaus Mueller described measures to offset Russian imports as “encouraging” in a note issued on Thursday on the status of the gas supply in Europe’s largest Continue Reading
Germany’s giant carmakers may have secured their own energy supplies but thousands of small suppliers faced with a squeeze from soaring bills risk upsetting production through the winter. More and Continue Reading
Gas consumption in Germany remains high in light of current tight supply. The inability to reduce natural gas consumption will only increase the risk of drawing down supplies in storage Continue Reading
An open-grid gas pipeline is pictured amid the energy crisis due to the Russian invasion of Ukraine in Troisdorf, near Bonn, Germany, July 19, 2022. REUTERS/Wolfgang Rattay BERLIN, Oct 10 Continue Reading
Germany’s expert commission charged with drawing up plans to ease the impact of soaring gas prices on consumers favors a one-off payment this year and a price break from next Continue Reading
German factory output fell in August, driven by cutbacks in energy-intensive industries as costs surged following reductions in the supply of natural gas from Russia. With separate figures showing a Continue Reading
The newest US exporter of liquefied natural gas has signed a deal to increase exports to Germany, one of a flurry of sales to Europe amid a scramble to replace Continue Reading
The Amprion control room in Brauweiler, Germany. Photographer: picture alliance/Getty Images Germany’s largest power-grid operator said that the country may have to restrict electricity exports this winter as a last Continue Reading
Germany’s gas consumption rose too much last week to levels higher than in previous years, and without considerable gas conservation—including from households—Europe’s biggest economy will find it difficult to avoid Continue Reading
In the weeks after Russia’s invasion of Ukraine on Feb. 24, Claudio Descalzi, CEO of Italian energy major Eni (ENI.MI) , embarked on a whirlwind of trips to gas suppliers Continue Reading
Germany is currently in an “extremely tense situation” in terms of energy supply, Economy Minister Robert Habeck said on Friday, adding that Europe’s biggest economy still risks running out of Continue Reading
A new forecast by Germany’s leading economic institutes predicts the eurozone’s largest economy will slip into recession next year, triggered largely by a “drastic” increase in energy costs caused by Continue Reading
Germany is preparing to introduce a national electricity price cap this fall if the European Union fails to agree on a similar move for the entire bloc, according to government Continue Reading
The United Arab Emirates agreed to an LNG supply deal with Germany’s RWE during Chancellor Olaf Scholz’s visit to the Gulf. The deal only covers one tanker of LNG, or Continue Reading
Germany’s Volkswagen AG warned on Thursday that global auto production will be at risk in 2023 if Russia fails to resume deliveries of natural gas through Nord Stream 1. As Continue Reading
The German government is in talks about providing urgent financial support for scores of regional state-owned energy providers which are struggling to cope with soaring gas prices, three sources familiar Continue Reading
Mercedes-Benz (MBGn.DE) has planned out measures by which it could reduce gas consumption by up to 50% but has not reduced it beyond 10% as of yet, the carmaker’s production Continue Reading
Germany on Wednesday agreed to nationalize Uniper, raising the bill to rescue the gas importer to 29 billion euros ($28.7 billion) amid an escalating energy crisis that shows just how Continue Reading
German natural gas import costs rose by 164% in the first seven months of 2022 from a year earlier, even though imports were down by 25.5%, official monthly data showed Continue Reading
Highlights Diversification to grow as EU sanctions, Rosneft takeover looms Germany laps up Canadian, Libyan, Saudi crudes in recent months Rosneft plant buyout to throw focus on Polish import route Continue Reading
Qatari Foreign Minister Mohammed Bin Abdulrahaman Al Thani speaks to Bloomberg’s Annmarie Hordern in New York about energy talks with Germany and the top agenda items as the UNGA kicks Continue Reading
Germany is nearing a nationalization of gas importer Uniper (UN01.DE) in the wake of an energy crisis that has left the government of Europe’s top economy with few other options Continue Reading
Highlights Full storage not a substitute for energy savings: ministry Germany needs LNG supplies for five state-backed FSRUs UAE, Qatar seen as potential long-term LNG suppliers German gas storage facilities Continue Reading
Gas storage sites in Germany, now nearly 90% full, will be empty after the winter, German Economy Minister Robert Habeck said on Monday. Gas storage capacity in Germany is almost Continue Reading
Germany is taking control of three Russian-owned refineries in the country to ensure energy security before an embargo on oil from Russia takes effect next year, officials said Friday. Two Continue Reading
In July, Germany reported a 45.8% reduction in imports from Russia compared to a year ago, but the value of those imports had increased by over 10%. This increase in Continue Reading
Germany is set to use a fund created to help companies cope with the economic hit from the pandemic to provide loan guarantees for struggling energy firms, according to a Continue Reading
Germans could overload their power grid as they switch to inefficient electric heaters in an attempt to avoid gas shortages this winter, utilities warned in an article published on Sunday. Continue Reading
VNG (VNG.UL), one of Germany’s biggest importers of Russian natural gas, on Friday asked the government for aid to stay afloat, the latest European energy firm to seek state support Continue Reading
Germany and Europe are prepared to weather the fallout should Russia decide to halt gas deliveries altogether, the country’s chancellor Olaf Scholz said in a statement Saturday. Germany has prepared Continue Reading
German Economy Minister Robert Habeck faced a backlash on Wednesday for saying he could imagine parts of the economy stopping production due to rising energy prices that German firms say Continue Reading
Germany plans to subsidise a basic level of electricity usage for households and set aside cheaper power for small and medium-sized businesses, according to measures set out in an Economy Continue Reading
Germany is not convinced that a price cap on Russian gas imports would be a smart move, Politico has reported , citing a spokesman for the German economy ministry. “We Continue Reading
All nuclear reactors still to go offline at year-end Two reactors to remain in reserve in case of shortages Crises in power supply ‘very unlikely’, minister says Critics say move Continue Reading
France will send gas to Germany if needed while Germany stands ready to provide it with electricity, President Emmanuel Macron said on Monday, saying this showcased European solidarity in the Continue Reading
German gas importer Uniper has said that the country does not rule out undertaking gas rationing at some point following Russia’s decision to indefinitely halt gas flows via the Nord Continue Reading
German factory orders fell for a sixth month as inflation and uncertainty about energy supplies undermine Europe’s largest economy. Demand slipped 1.1% from June, driven by a slump in consumer Continue Reading
Economy and Climate Minister Robert Habeck addresses the media after a closed German cabinet meeting at the government’s guest house in Schloss Meseberg, near Gransee, Germany August 31, 2022. REUTERS/Michele Continue Reading
Germany’s gas storage facilities are filling up faster than planned, Economy Minister Robert Habeck said, giving hope that Europe’s biggest economy could avoid acute gas shortages this winter. “The reservoirs Continue Reading
Cummins is powering the world’s first fleet of hydrogen trains in Bremervörde, Lower Saxony, Germany. The Alstom Coradia iLint trains ( earlier post ) are outfitted with Cummins fuel cell Continue Reading
Germany’s second largest sugar producer Nordzucker on Thursday said it will start this year’s sugar refining season on Sept. 3 and reported success in converting refinery plants to oil fuel Continue Reading
The Rhine River’s water level at a key waypoint is set to decline in the coming days, curbing the amount of cargo that barges can carry. The measured level at Continue Reading
Germany hopes Canadian liquefied natural gas (LNG) will help ease its shift away from Russian gas imports, Chancellor Olaf Scholz said on Tuesday, a day after Canada played down the Continue Reading
Nord Stream pipe set for three-day maintenance from Aug. 31 Gas settles at record high, while French power, coal surge WATCH: Germany may consider delaying shutdowns of its remaining nuclear Continue Reading
Germany may consider delaying shutdowns of its remaining nuclear plants as Russia squeezes gas supplies. Birgit Jennen reports. Want the lowdown on European markets? In your inbox before the open, Continue Reading
Economy minister says nuclear plants save minimal gas May have to keep a plant running in Bavaria for network stability Scholz says nuclear plant stress test results due within weeks Continue Reading
Want the lowdown on European markets? In your inbox before the open, every day. Sign up here . The water level at a key German chokepoint on the Rhine River Continue Reading
