All publications by tag «GERMANY»
2022, July, 4, 12:40:00
GERMAN UTILITIES COLLAPSE
German leaders are stepping up warnings of impending turmoil and natural-gas shortages in Europe’s biggest economy, which relies on Russia for about one-third of its energy.
2022, June, 23, 12:10:00
EUROPEAN GAS PRICES GROWTH
German Economy Minister Robert Habeck will enact the “alarm” phase of the plan when he speaks at 10 a.m. local time Thursday on energy and supply security.
2022, June, 23, 12:05:00
GERMANY GAS PLAN
Germany, which relies on Russia for more than a third of its gas supplies, enacted the initial “early warning” phase at the end of March, when the Kremlin’s demands for payment in rubles prompted Germany to brace for a potential cutoff in supply.
2022, June, 22, 09:55:00
GERMANY'S GAS RECESSION
The EU relied on Russia for as much as 40% of its gas needs before the war - rising to 55% for Germany - leaving a huge gap to fill in an already tight global gas market.
2022, June, 22, 09:50:00
GERMANY NEED COAL
The plan includes increased reliance on coal-fired generation, an auction system to incentivise lower consumption in industry and €15bn in credit lines via the state-owned investment and development bank KfW for the country's gas market operators to fill gas storage facilities faster.
2022, June, 13, 14:40:00
GERMANY'S ENERGY SAVING
Chancellor Olaf Scholz’s three-party alliance agreed at the end of March to cut the levy on fuel for three months from June 1 by 30 euro cents per liter for gasoline and 14 cents for diesel, costing the government about 3 billion euros ($3.1 billion) in lost revenue.
2022, June, 10, 14:20:00
GERMANY NEED RUSSIAN ENERGY
Germany advised people to defrost their freezers regularly, change shower heads and switch office lighting to LEDs as the government tries to reduce a reliance on imported Russian energy that’s become a political liability.
2022, May, 23, 13:05:00
GERMANY, QATAR LNG DEVELOPMENT
The new pact, inked during a Qatari state visit to Germany, comes as Berlin looks to fast-track a number of new LNG import terminals to reduce its dependence on Russian gas imports.
2022, May, 23, 13:00:00
GERMAN LNG TERMINALS DEVELOPMENT
The invasion of Ukraine by Russia has made it clear for all actors in Germany: diversification of gas imports is urgently needed.
2022, May, 20, 12:00:00
GERMANY NEED RUSSIAN GAS
German industry is particularly anxious about energy-intensive factories, such as glass, steel, food or drug manufacturing, as well as the chemicals sector, that provide many of the building blocks for industry.