German retail sales unexpectedly fall in March
German retail sales fell unexpectedly in March as the war in Ukraine leads to price increases, data showed on Monday. The Federal Statistics Office said retail sales were down 0.1% Continue Reading
Germany Drops Opposition to Embargo on Russian Oil
Germany is now ready to stop buying Russian oil, clearing the way for a European Union ban on crude imports from Russia, government officials said. Berlin had been one of Continue Reading
Germany Could Ban Russian Oil In ‘Days’
Germany has already cut Russian oil imports by over 20%, with officials now spreading optimism that it could be only a matter of days before the country is capable of Continue Reading
German cabinet backs possible nationalization of energy firms
Germany’s cabinet on Monday approved a legal amendment that would enable the government to seize ownership of energy companies as a measure of last resort to secure supplies in the Continue Reading
Rising energy prices push almost half German companies to cut new investments – survey
Around 40% of German companies are already feeling the impact of rising energy prices and almost half want to reduce investments due to rising energy costs, a survey showed on Continue Reading
Germany To Drill For Gas In North Sea To Reduce Reliance On Russia
In a concerted move to move away from its heavy reliance on Russia amid the Ukraine crisis, Germany authorities have finally given in and allowed gas drilling to proceed in Continue Reading
Germany Pledges To Halt All Russian Oil Imports By End Of Year
In Germany’s most definitive statement yet regarding Russian oil and gas imports, the German Foreign Minister has pledged that the country will cease importing Russian oil entirely by the end Continue Reading
Germans should save energy to put pressure on Russia – minister
Germans should start saving energy now to become more independent from Russian fossil fuels, Economy Minister Robert Habeck said, as Europe’s top economy looks for ways to cut gas and Continue Reading
Germany Faces $240 Billion Hit If Russian Energy Cut Off
An immediate interruption in Russian energy supplies over the war in Ukraine could jeopardize 220 billion euros ($240 billion) of German output over the next two years, a report warned. Continue Reading
Germany could end Russian oil imports this year – Scholz
Germany could end Russian oil imports this year, Chancellor Olaf Scholz said on Friday, signalling the urgency driving Europe’s biggest economy to wean itself off energy from Russia following its Continue Reading
OGE plans pipeline link for Wilhelmshaven LNG terminal
Germany’s biggest pipeline network operator Open Grid Europe (OGE) plans to build a 30km liquefied natural gas (LNG) link from a planned terminal at the North Sea port of Wilhelmshaven Continue Reading
European coal, German power prices rise on phased-in Russian coal embargo
Impacts quarter of Russian coal exports, Eur8 bil/year loss: EC German Cal trades at Eur197/MWh, year-ahead coal hits $230/mt European coal and German forward power prices rose further April 8 Continue Reading
Germany Seizes Control of Gazprom Unit to Secure Gas Supply
Habeck Says Germany Will Nationalize Gazprom Unit Germany will temporarily take control of a unit of Gazprom PJSC in the country as it seeks to safeguard security of gas supply. Continue Reading
German Factory Orders Fall as Economy Faces Ukraine War Fallout
German factory orders fell for the first time in four months in the runup to Russia’s invasion of Ukraine, underscoring concerns over slower growth in Europe’s largest economy. Demand declined Continue Reading
Germany’s Dependence on Russian Gas Is Difficult to Break
Past a nudist beach and a sleepy marina, a gigantic mesh of metallic pipes rises from the pine forest behind the tiny village of Lubmin on Germany’s Baltic coast. If Continue Reading
Germany Seizes Control of Gazprom Unit to Secure Gas Supply
Germany will temporarily take control of a unit of Gazprom PJSC in the country as it seeks to safeguard the security of gas supply. Gazprom Germania GmbH — owner of Continue Reading
German regulator takes over Gazprom Germania to ensure energy supply
Gazprom Germania, an energy trading, storage, and transmission business ditched by Russia’s Gazprom on Friday, will be transferred to Germany’s regulator to ensure energy security, Economy Minister Robert Habeck said Continue Reading
UK-based Gazprom units says German move has secured their future
The British-based subsidiary of Gazprom said Germany’s move to take control of its parent had removed any concerns about the viability and future of its operations, and it would look Continue Reading
Germany faces steep recession if Russian oil and gas halted – banks
Germany will face a steep recession if there is a stop to imports or delivery of Russian gas and oil, a top German bank lobby warned on Monday. Europe’s largest Continue Reading
Germany says West to agree more sanctions on Russia after Bucha killings
Germany said on Sunday that the West would agree to impose more sanctions on Russia in the coming days after Ukraine accused Russian forces of war crimes near Kyiv, ratcheting Continue Reading
Germany Could Nationalize Parts Of Russian Oil And Gas Giants
Germany is considering the idea of nationalizing the German units of Russian oil and gas giants Rosneft and Gazprom over concerns the companies that are systemically important for the German Continue Reading
Germans warm up to coal, wood amid high gas prices
Germans are snapping up wood and coal, despite the arrival of Spring, with an eye on climbing gas prices and uncertainties about the effects of a prolonged war in Ukraine. Continue Reading
German industry sounds alarm over energy rationing plan
For 400 years, Carletta Heinz’s family has produced bespoke glass bottles for the world’s leading perfumeries in a factory on the edges of Germany’sFranconian forest. But Russia’s invasion of Ukraine Continue Reading
Germany Could Nationalize Parts Of Russian Oil And Gas Giants
Germany is considering the idea of nationalizing the German units of Russian oil and gas giants Rosneft and Gazprom over concerns the companies that are systemically important for the German Continue Reading
Germany triggers emergency plan to manage gas supplies amid ruble standoff with Russia
Germany triggered an emergency plan to manage gas supplies on Wednesday that could see Europe’s largest economy ration power if a standoff over a Russian demand to pay for fuel Continue Reading
Germany says to still pay for Russian gas in euros/dollars after Scholz-Putin call
Germany will continue to pay for Russian gas in euros or dollars, a government spokesman said, adding that Russian President Vladimir Putin had told the German Chancellor that nothing would Continue Reading
BASF says it would stop output if gas supplies fell to half its needs
Germany’s BASF said on Wednesday it would have to stop production if natural gas supplies fell to less than half its needs, as the world’s largest chemicals group warned of Continue Reading
Germany Gets Ready For Gas Rationing
Germany has triggered phase-1 of an emergency plan for natural gas. Germany’s move comes ahead of Putin’s March 31st deadline for Gazprom and Russia’s central bank to arrange for payments Continue Reading
Russian, German experts to discuss issue of gas payments in rubles: Kremlin
Putin briefs Germany’s Scholz on ruble switch Russian proposals for the switch to rubles due by March 31 G7 countries reject Putin demand to change to ruble payments Russian President Continue Reading
Germany girds for gas rationing in rouble standoff with Russia
Germany triggered an emergency plan to manage gas supplies in Europe’s largest economy on Wednesday, an unprecedented move that could see the government ration power if there is a disruption Continue Reading
Germany will not accept breach of gas supply contracts by Russia -econ min
German Economy Minister Robert Habeck on Wednesday said if Russia insisted that existing contracts be paid in roubles rather than the agreed euro and dollar denominations, it would be in Continue Reading
Germany girds for gas rationing in rouble standoff with Russia
Germany triggered an emergency plan to manage gas supplies in Europe’s largest economy on Wednesday, an unprecedented move that could see the government ration power if there is a disruption Continue Reading
Germany takes step towards gas rationing over payment stand-off with Russia
The German government has taken the first formal step towards gas rationing as it braces itself for a potential halt in deliveries from Russia due to a dispute over payments. Continue Reading
Germany declares first early warning level in national gas emergency plan
Highlights First of three stages of emergency plan: BMWK Comes amid threat from Russia to cut supply Germany rejects payment in Rubles demand Germany has declared a first early warning Continue Reading
War knocks French, German consumer morale back more than expected
France and Germany saw bigger than expected drops in consumer confidence this month as government measures to help with rising inflation and fuel costs offered little relief in the wake Continue Reading
Germany’s Scholz says energy independence means higher costs
Germany’s decision to become more energy independent due to Russia’s invasion of Ukraine it will have to accept higher energy costs, Chancellor Olaf Scholz said on Sunday. Scholz told public Continue Reading
Volkswagen Prepares for a Deglobalized World
For years, Volkswagen AG thrived as a global company, building and selling its cars all around the world. But like war, health scares, and trade disputes roll back decades of Continue Reading
Volkswagen Prepares for a Deglobalized World
For years, Volkswagen AG thrived as a global company, building and selling its cars all around the world. But as war, health scares and trade disputes roll back decades of Continue Reading
German Industry Powerhouse Shaken to Core by War in Ukraine
Germany’s industrial base, just emerging from the pandemic and unprecedented supply-chain challenges, is taking another beating with Russia’s war on Ukraine hitting its powerhouse car, chemical and precision-machinery manufacturers. As Continue Reading
German ministry wants to halve dependence on Russian oil by summer
Germany’s economy ministry wants to halve the country’s dependence on Russian oil by the summer and have no Russian hard coal imports by the autumn, Der Spiegel magazine said on Continue Reading
German gas buyers raise the alarm over Russia’s rouble demand
German utilities on Thursday said their country needed an early warning system to tackle gas shortages, a day after Russia ordered the switch of contract payments to roubles, raising the Continue Reading
Germany’s Utilities: Gas Supply Will Worsen
The association of German utilities is calling on the federal government to create a system for early warning about a potential drop in gas supply, noting that there are “serious Continue Reading
German utility group BDEW asks government to be on alert for gas supply
German utility industry association BDEW on Thursday said the government should announce an early warning alert on an existing national emergency gas supply plan to bear account of the Russian Continue Reading
German Coalition Agrees on Package to Offset Rising Energy Costs
Germany’s ruling coalition reached a deal on a second package of measures to ease the burden on consumers and businesses from soaring energy costs. Matthias Miersch, a deputy caucus leader Continue Reading
‘Now what?’ German village looks to a future without Nord Stream 2
A decade-long, $11bn effort to take gas 1,200km from Russia to Europe ends abruptly at the German coastal village of Lubmin, population: 2,041. The Kremlin-backed Nord Stream 2 pipeline was Continue Reading
Germany says it has clinched long-term gas supply deal with Qatar
Germany said it had sealed a long-term agreement with Qatar for the supply of liquefied natural gas as Berlin seeks alternative energy suppliers to Russia. In Doha as part of Continue Reading
Germany’s RWE flags major business risks if Ukraine war escalates
Germany’s largest power producer and a buyer of gas from Gazprom , on Tuesday warned of far-reaching risks that an escalation of the war in Ukraine could have on its Continue Reading
RWE Supports German Plan to Reduce Russian Energy Dependency
Want the lowdown on European markets? In your inbox before the open, every day. Sign up here . Energy giant RWE AG supports efforts by the German government to reduce Continue Reading
Germans Support Sanctions On Russia Even If Energy Prices Soar
Most Germans support sanctions against Russia over the invasion of Ukraine, even if the measures lead to energy supply bottlenecks and increase the cost of living, according to a survey Continue Reading
Germany mulls supplying anti-aircraft missiles to Ukraine – source
Germany is considering supplying 2,700 anti-aircraft missiles to Ukraine as it seeks to defend itself against an invasion by Russia, a government source said on Thursday. German news agency DPA Continue Reading