Short-term German power prices more than doubled as calm weather and the expected halt of gas flows on the Nord Stream pipeline crimped supplies. Power for Monday surged to the Continue Reading
Germany’s largest residential landlord Vonovia (VNAn.DE) will reduce heating for tenants in many of its apartments at night, as Europe’s biggest economy braces for a possible gas crunch with falling Continue Reading
Germany is rationing hot water, dimming its street lights and shutting down swimming pools as the impact of its energy crunch begins to spread from industry to offices, leisure centres Continue Reading
Germany posted a trade deficit for the first time in more than three decades in May, underlining the impact of the Ukraine war on Europe’s largest economy, whose reliance on Continue Reading
The German government wants to enshrine possible rescue measures for energy companies such as Uniper (UN01.DE) in its energy security law and may end up acquiring a stake in the Continue Reading
The head of Germany’s energy regulator warned that the 15 billion euros’ ($15.64 billion) worth of credit lines provided by the government to buy gas for storage facilities may not Continue Reading
The German government aims to impose a levy on all gas consumers to help suppliers grappling with rapidly rising import prices, a proposal seen by Reuters showed on Friday. The Continue Reading
The German city of Hamburg will ration hot water for private households and limit the maximum heating temperature in the event of an acute gas shortage, its environment senator said Continue Reading
Likelihood of German Recession ‘Clearly’ Increasing: Ifo’s Fuest. European economies are facing a major new shock from slowing deliveries of Russian natural gas, which threaten to push inflation even higher Continue Reading
The energy crisis in Germany risks becoming more severe in the coming days as wind power generation will dip amid low wind speeds this week, according to a Bloomberg weather Continue Reading
Lower Russian gas flows are leaving Germany in a dangerous situation, but whether this turns into a full-blown energy crisis may depend on how willing European partners are to spread Continue Reading
For years, BASF SE , BASFY 2.18%▲ one of the world’s largest chemicals companies, built its business model around cheap and plentiful Russian natural gas, which it uses to generate Continue Reading
The German government is considering converting parts of the Nord Stream 2 gas pipeline into a connection for a liquefied natural gas terminal on the Baltic Sea coast. Magazine Der Continue Reading
Germany is heading for a gas shortage if Russian gas supplies remain as low as they are now, and certain industries would have to be shut down if there is Continue Reading
Germany triggered the “alarm stage” of its emergency gas plan on Thursday in response to falling Russian supplies but stopped short of allowing utilities to pass on soaring energy costs Continue Reading
The German companies that drive Europe’s biggest economy are contemplating painful cuts to their output and resorting to polluting forms of energy previously considered unthinkable as they adjust to the Continue Reading
Germany faces certain recession if faltering Russian gas supplies stop completely, an industry body warned on Tuesday, and Italy said it would consider offering financial backing to help companies refill Continue Reading
Germany’s chemicals sector, which is heavily dependent on Russian gas, has only a very limited scope to replace the fuel with alternatives, it said a day after Europe’s top economy Continue Reading
Several major German industrial consumers are ready to participate in the government’s auction that will help to ensure the security of supply this winter, according to a minister. “Several” energy-intensive Continue Reading
German utility EnBW Energie Baden-Wuerttemberg AG signed a long-term deal to purchase liquefied natural gas from a US exporter, becoming the latest European firm to procure American fuel in a Continue Reading
Germany on Sunday announced further steps to boost gas storage levels to prepare for the next winter season, when it fears Russia could reduce or even completely halt supplies. Following Continue Reading
Germany will restart coal-fired power plants and offer incentives for companies to curb natural gas consumption, marking a new step in the economic war between Europe and Russia. Berlin unveiled Continue Reading
Germany on Sunday announced further steps to boost gas storage levels to prepare for the next winter season, when it fears Russia could reduce or even completely halt supplies. Following Continue Reading
Germany’s cabinet on Wednesday approved plans to require its 16 states to allocate a minimum amount of land to onshore wind farms, according to a ministry statement, as Berlin strives Continue Reading
German energy giant Uniper SE said it had received 25% less gas than contracted from Russia after Moscow curbed supplies via its biggest pipeline to Europe. The Dusseldorf-based company said Continue Reading
The company logo hangs at the PCK refinery’s, which is majority-owned by Russia’s Rosneft, in Schwedt, Brandenburg, Germany, June 9, 2022. REUTERS/Michele Tantussi Germany struggles with Rosneft stake in Schwedt Continue Reading
Now that the winter season ended, Germany has started the process of filling its natural gas storage sites via auctions. As prices have declined and are in contango, Europe’s biggest Continue Reading
Germany’s government has no intention of changing its policies on nuclear energy even as worry about a halt to Russian gas supplies intensifies among politicians. Following calls from opposition parties Continue Reading
Deutsche Bank AG is moving hundreds of IT staff in Russia to Berlin as the lender braces for a potential closure of its technology center in the country, people familiar Continue Reading
Russia’s sanctions against Gazprom Germania and its subsidiaries could cost German taxpayers and gas users an extra 5 billion euros ($5.4 billion) a year to pay for replacement gas, the Continue Reading
A small orchard on the banks of the Elbe River in northern Germany, overgrown and circled by seagulls, holds the key to the country’s Russia-free energy future. The orchard, close Continue Reading
Germany must work harder to reduce its energy-dependence on Russia but Western sanctions in response to Moscow’s invasion of Ukraine are still taking a heavy toll on the Russian war Continue Reading
Gerhard Schroeder has backed off from taking a top role at Russian energy giant Gazprom (GAZP.MM) , dealing a setback to Germany’s gas lobby as it seeks to keep the Continue Reading
German Economy Minister Robert Habeck has warned Hungary against blocking efforts to impose a European Union-wide embargo on Russian oil imports in response to the war in Ukraine. “There are Continue Reading
Berlin risks running out of fuel unless German officials can find a way to keep a Cold War relic from falling victim to geopolitics. A refinery on the Polish border, Continue Reading
Germany to end Russian oil imports by the end of the year. Germany had signaled before that it was ready to ditch Russian oil as well as Russian gas. Hungary Continue Reading
European natural gas prices jumped as some shipments from Russia were disrupted, and Germany said Moscow was using energy as a weapon in an escalating clash over supply. The benchmark Continue Reading
Germany’s lower house of parliament on Thursday approved a new version of a bill to secure energy supply, including possible expropriation of critical energy infrastructure and assets in the event Continue Reading
Poland will only help Germany to seek further alternatives to Russian oil if it ends the Russian ownership of the PCK Schwedt refinery, Poland’s climate minister said on Thursday. The Continue Reading
Russia has cut natural gas supplies to a unit of Gazprom PJSC seized by Germany in retaliation for western penalties over the war in Ukraine. Gazprom Germania GmbH and its Continue Reading
The invasion of Ukraine has put the US and Europe on a wartime mission to abandon Russian fossil fuels. This series looks at speeding up zero-carbon alternatives by lowering political Continue Reading
Moscow sanctions former Gazprom units in Europe Includes Gazprom Germania, GM&T, Wingas, Astora Germany took over control of Gazprom units in April Germany is taking the “necessary” precautions to ensure Continue Reading
German officials are quietly preparing for any sudden halt in Russian gas supplies with an emergency package that could include taking control of critical firms, three people familiar with the Continue Reading
Germany is moving away from its plan to establish a strategic national coal reserve, sources from the government and industry told Reuters on Tuesday. The plan is no longer a Continue Reading
Germany and Qatar have hit difficulties in talks over long-term liquefied natural gas (LNG) supply deals amid differences over key conditions, including the duration of any contract, three people familiar Continue Reading
Germany will show solidarity with European Union countries seeking alternatives to Russian gas and oil, for example helping eastern states without ports in the North or Baltic Seas access liquefied Continue Reading
Germany has begun construction on its first LNG import terminal, and in the meantime, has rented four mobile floating tankers as it scrambles to rid itself of the need for Continue Reading
Using less grain and vegetable oil in biofuels is not the only option for Germany to cut CO2 emissions, its environment ministry said on Tuesday as the war in Ukraine Continue Reading
German Chancellor Olaf Scholz pledged 10 billion euros ($10.51 billion) to help India achieve its climate goals after meeting its Prime Minister Narendra Modi in Berlin on Monday, but the Continue Reading
Germany would be able to weather an EU embargo on Russian oil imports by the end of this year even though a stoppage could result in shortages, Economy Minister Robert Continue Reading
