Energy squeeze could see Berlin’s gaslights flicker out
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 using less energy due to soaring prices -survey
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 Climbs to Fresh Record as Industry Starts to Buckle
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
Germany’s Rhine Seen Surging to More Navigable Level Next Week
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
Europe’s Gas Crunch Will Squeeze BASF
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 to lower sales tax on gas to 7% in bid to relieve consumers
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
More U.S. sour crude heads to Germany to replace Russia oil
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
Germany to Keep Last Three Nuclear-Power Plants Running in Policy U-Turn
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 families face 480 euro rise in gas bills under new levy
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 energy market would collapse without gas levy – Habeck
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
German Refinery Reliant on Russia Now Using Oil From the US
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
Oil barge trade to be hit further as Rhine water levels plunge: traders
Highlights Levels at Kaub chokepoint fall to critical point of 30 cm Barge rates surge on low water levels Switzerland draws from stocks to cope with demand Disruptions to supplies Continue Reading
Germany Sets Surcharge for Homes to Share the Cost of Gas Surge
German natural gas consumers will have to pay extra 2.419 euro cents per kilowatt hour as the country tries to distribute higher energy costs among consumers after Russia curbed flows Continue Reading
Germany must cut gas use by 20% to avoid winter rationing, regulator says
Germany must cut its gas use by a fifth to avoid a crippling gas shortage this winter, its top network regulator said, as businesses and households brace themselves for Europe’s Continue Reading
Berlin wants to reduce gas use by 2% with new regulations -officials
New measures to reduce Germany’s gas consumption by 2% require strict cutbacks by public and private users as Europe battles a sharp reduction in Russian gas supplies, government officials said Continue Reading
Rhine River Water Level at Kaub Seen Dropping to 30cm on Aug. 15
Rhine River water levels are expected to continue to decline on Monday, further restricting the supply of vital commodities to parts of inland Europe. The water level at Kaub — Continue Reading
Rhine River to Drop Further as IEA Sees Prolonged Crisis
Water level at Kaub to fall to 33-centimeter marker by Aug. 15 River closure could significantly dent oil-product trade: FGE An exposed section of the Rhine River riverbed, due to Continue Reading
Shipping disruption continues as Rhine water levels fall again in Germany
Water levels on the river Rhine in Germany have fallen again in dry weather on Friday, with some vessels no longer able to sail, shipping operators and brokers said. Rhine Continue Reading
Public buildings in Germany to be heated to 19° Celsius – econ minister
Public buildings in Germany should be heated to a maximum of 19 degrees Celsius (66.2°F) under planned legislation to save energy, the Sueddeutsche Zeitung quoted the economy minister as saying Continue Reading
Germany May Consider Lifting Its Ban On Fracking Amid Energy Crisis
Debates in Germany have resurfaced over whether Europe’s biggest economy—severely hit by low Russian pipeline gas supply—should consider lifting its ban on fracking, The Globe and Mail reports . Fracking Continue Reading
U.S. sour crude cargo sails to Germany as Russia sanctions bite
A tanker of U.S. sour crude was delivered at Germany’s port of Rostock last week for the first time ever, according to sources, analysts, and vessel tracking data, as local Continue Reading
German economy to lose $265 billion in added value due to war, high energy prices – study
Germany’s economy will lose more than 260 billion euros ($265 billion) in added value by 2030 due to the Ukraine war and high energy prices, spelling negative effects for the Continue Reading
Siemens Energy warns of deeper net loss over Russia restructuring
Siemens Energy (ENR1n.DE) , which supplies equipment to the power industry, on Monday warned of a deeper than previously expected net loss in 2022, on a charge of around 200 Continue Reading
Rhine water level falls again in Germany, raising freight costs
Water levels on the Rhine in Germany continue to fall in hot weather, sending shipping costs higher because vessels cannot sail on the river fully loaded, vessel brokers said on Continue Reading
German cabinet agrees to gas levy for consumers from October
Germany’s cabinet has agreed to introduce a planned levy on gas consumers from October to help suppliers hit by soaring gas import prices caused by Russia’s invasion of Ukraine, the Continue Reading
There’s A Run On Fuel In Germany: Refiner
German unit of refiner OMV: There is a run on fuels such as diesel and heating oil in the southern parts of Germany. Critically low water levels of the river Continue Reading
German Power Climbs to Record as Plants Start to Buckle in Heat
An employee monitors for gas leaks at the Uniper SE Bierwang Natural Gas Storage Facility in Muhldorf, Germany. Photographer: Krisztian Bocsi/Bloomberg German power prices rose to a record as utilities Continue Reading
Nuclear Power Plants Could Stay Open, Says Germany
German Chancellor Olaf Scholz said for the first time that his government could postpone the planned closure of its remaining nuclear reactors, as he criticized a decision by Russia to Continue Reading
Exclusive: Germany’s gas levy cannot be implemented as planned, say sources
The German government will have to amend its energy security law again in September as its gas levy cannot yet be imposed on all consumers, including those with fixed prices Continue Reading
German gas shortage risks ‘unforeseeable consequences’, says Commerzbank
A serious shortage of natural gas supplies could trigger “a chain reaction with unforeseeable consequences” for the German economy, said Commerzbank, one of the country’s biggest corporate lenders. The German Continue Reading
‘You can’t switch off death,’ German crematorium boss warns as energy crisis looms
Germans more often than not choose to be cremated when they die – which would be a problem if Russia turns off the gas. As Western sanctions heighten tensions between Continue Reading
Germany Restarts Oil-Fired Power Plants As It Seeks To Save Gas
The utility in the large German city of Munich has restarted two power plants running on oil in a bid to save natural gas amid very low and highly uncertain Continue Reading
German retail sales post biggest year-on-year slump since 1994
German retailers ended the first half of 2022 with the sharpest year-on-year sales drop in nearly three decades, as inflation, the Ukraine war and the coronavirus pandemic take their toll, Continue Reading
German Cities Begin Turning Off Lights To Save Energy
Berlin, Germany’s capital, and other cities have started turning off the spotlights on historic monuments and municipal buildings in an effort to conserve energy ahead of winter. “In view of Continue Reading
Deutsche Bank Chief Sees Germany as Well Prepared for Gas Crisis
Germany’s economy is extremely resilient and more than capable of withstanding the impact of Russia cutting gas supplies, according to the chief executive officer of the country’s leading bank. While Continue Reading
Germany Approves $180 Billion Funding to Accelerate Energy Shift
Germany approved plans for the government’s special “climate and transformation fund” to invest 177.5 billion euros ($180 billion) over the next four years to help accelerate the shift to an Continue Reading
German firms weigh options to save gas, warn may need to cut output
A view shows pipes at the landfall facilities of the ‘Nord Stream 1’ gas pipeline in Lubmin, Germany, July 21, 2022. REUTERS/Annegret Hilse/File Photo Germany’s export industries brace for further Continue Reading
Germany’s Hopes of Avoiding a Recession Are Shrinking by the Day
Germany’s economic prospects are worsening by the day as record inflation haunts households and threats swirl over supplies of everything from Russian natural gas to manufacturing components. Growth in Europe’s Continue Reading
High Energy Prices Force One In Six German Firms To Cut Production
One of every six German industrial companies feels forced to reduce production due to high energy prices, a survey by the Association of German Chambers of Industry and Commerce, DIHK, Continue Reading
Germany back on path towards gas storage goals, says network regulator head
Pipes are pictured at a gas compressor station in Mallnow, Germany, November 1, 2021. REUTERS/Hannibal Hanschke//File Photo BERLIN, July 25 (Reuters) – Germany is back on the path of decent Continue Reading
Dimmed street lights, shorter showers: Germany leads Europe energy savings drive
Summer nights in the wealthy Bavarian city of Augsburg this year are eerily dark and quiet: The facades of historic buildings are not illuminated, street lights are dimmed and most Continue Reading
Gas crisis spurs Germany to mull extending life of nuclear plants
Germany may extend the life of its three remaining nuclear power plants, the economy ministry said on Monday, as public support rises in the face of a possible cut-off of Continue Reading
German chemical industry has no gas left to cut, warns association
chemical association VCI on Tuesday, which warned that the only steps left for the industry would be to scale back or abandon production altogether. “For our companies, we are currently Continue Reading
Germany’s gas crisis generates nuclear dilemma for ruling Greens
German conservative politicians have revived debate on extending the life of the country’s three remaining nuclear power plants, and polls show a rise in public support for the energy source Continue Reading
Germany Faces Coal Supply Crisis As Rhine River Waters Dwindle
Power plants in Germany are finding it increasingly difficult to source coal amid an energy crisis that is spiraling out of control as falling water levels on the Rhine river Continue Reading
Germany To Halt Russian Coal Imports Next Month
Germany will stop importing Russian coal from August 1 and crude oil from December 31, the country’s deputy finance minister, Joerg Kukies said today, as quoted by Reuters. “We will Continue Reading
What happens if Germany’s Russian gas flows stop
Germany, the world’s fourth-biggest economy, is preparing for all scenarios including a complete stop to Russian gas supplies once a regular 10-day maintenance period on the giant Nord Stream 1 Continue Reading
Fuel Barges Sail 500 Miles to Berlin in Pivot From Russia
Eastern Germany is resorting to getting barge loads of fuel all the way from the North Sea oil port of Rotterdam as the nation pivots away from Russian supplies. Fuels Continue Reading
German Investor Confidence Sinks to Worst Since Debt Crisis
Investor confidence in Germany’s economy slumped to the lowest since 2011 as the country faces the growing prospect of a recession and risks mount that it’s shut off from Russian Continue Reading
The three stages of Germany’s emergency gas plan
Germany on June 23 moved to stage two of its three-tier emergency gas plan after Russia reduced deliveries via the Nord Stream 1 pipeline. read more Annual maintenance on that Continue Reading