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
The night has a different colour in parts of Berlin where the streets are lit by gas: the light more ethereal and the shadows deeper. But these areas could be Continue Reading
Seven out of 10 Germans are using less energy due to decades-high inflation in Europe’s largest economy while half are spending less on leisure activities, according to a new survey. Continue Reading
German power prices climbed to a fresh record, putting more pressure on industrial production and consumers struggling with a cost-of-living crisis. Rallying gas and coal prices and little sign of Continue Reading
The water level at a key German chokepoint on the Rhine River is forecast to surge early next week, making it significantly easier for barges carrying vital cargoes to traverse Continue Reading
BASF’s hub in Ludwigshafen, Germany, could be run at 50% under contingency plans for possible gas rationing. This column is part of the sixth annual Heard on the Street stock-picking Continue Reading
Germany will lower the sales tax on gas to 7% in an effort to cushion the blow of additional charges being placed on consumers to ensure energy companies can afford Continue Reading
A second shipment of crude from a U.S. Gulf of Mexico offshore field has sailed for Germany, according to vessel tracking data and trade sources on Tuesday, as European refiners Continue Reading
The Isar nuclear-power plant in Essenbach, Germany, is one of the last nuclear plants still operating in the country. BERLIN—Germany plans to postpone the closure of the country’s last three Continue Reading
German households will have to pay almost 500 euros ($509) more a year for gas after a levy was set to help utilities cover the cost of replacing Russian supplies, Continue Reading
German Economy Minister and Vice Chancellor Robert Habeck arrives to address the media after the announcement of the gas levy at Federal Ministry for Economic Affairs and Climate Action, in Continue Reading
Germany’s Schwedt oil refinery has started processing US crude blended with Russian Urals, according to a person familiar with the matter. US crude brought in from Rostock on Germany’s Baltic Continue Reading
