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2017-12-22 22:20:00

GERMAN OIL & GAS: 58.3%

GERMAN OIL & GAS: 58.3%

PLATTSGermany's total primary energy consumption for 2017 is forecast to rise by 0.8%, mainly due to strong economic growth, with oil and gas further boosting their market share to 58.3% of the energy mix, German research group AG Energiebilanzen (AGEB) said Thursday.

Based on the latest available energy data, AGEB predicts total primary energy use of around 13,525 Petajoules in Europe's largest economy for 2017.

This is still below pre-2008 crisis levels, when primary energy demand peaked just below 15,000 PJ.

Mineral oil remains Germany's biggest single primary energy source covering 34.9% of energy demand, up from 33.9% in 2016, AGEB said.

Within the oil complex, petrol and diesel use was up 2% year on year, kerosene consumption increased by 0.7%, light heating oil was up 2% and naphtha demand from the chemical industry increased by 7%, it said.

Demand for natural gas increased by 5% to cover 23.7% of the primary energy mix mainly due to higher demand for heating, although gas for power generation also rose, it added.

By contrast, both hard coal and nuclear fell 10% on year, now covering only 11.0% and 6.1% respectively in the primary energy mix, with Germany planning to phase out both forms of energy.

Lignite use, however, was little changed at 11.2% with domestically-mined lignite remaining Germany's biggest single source of electricity, it said.

Renewable energy increased its share in primary energy to 13.1%, AGEB said, adding that green energy registered the biggest year on year gains (up 6%) mainly driven by wind power.

Energy-based emissions are forecast to be little changed on year, AGEB said.

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Earlier:

 РУССКИЙ ГАЗ В ГЕРМАНИЮ: 200 МЛРД.
2017, December, 1, 12:45:00

RUSSIAN GAS TO GERMANY: 200 BLN

GAZPROM - the Nord Stream gas pipeline transmitted its 200 billionth cubic meter of gas from Russia to Germany via the Greifswald delivery point.

 RUSSIAN - GERMAN OIL
2017, August, 16, 09:00:00

RUSSIAN - GERMAN OIL

Gerhard Schröder, the former German chancellor, looks set to deepen his already close ties with the Russian energy sector, after he was nominated as an independent director to the board of state-controlled oil company Rosneft.

 

 GAZPROM'S EXTRA CAPACITY
2017, July, 28, 09:50:00

GAZPROM'S EXTRA CAPACITY

Russia's Gazprom will soon be able to bid for up to 12.8 Bcm/year of extra capacity in Germany's 36.5 Bcm/year Opal natural gas pipeline after an EU court lifted a temporary ban late Friday.

 

 GERMANY'S RENEWABLE UP
2017, July, 3, 13:35:00

GERMANY'S RENEWABLE UP

Germany raised the proportion of its power produced by renewable energy to 35 percent in the first half of 2017 from 33 percent the previous year, according to the BEE renewable energy association.

 

 ГАЗПРОМ - ГЕРМАНИЯ: БОЛЬШЕ НА 37%
2017, February, 18, 19:00:00

GAZPROM - GERMANY: UP 37%

It was noted that Gazprom’s gas supplies to the German market had reached a record of 49.8 billion cubic meters in 2016. The upward trend in gas demand continues in early 2017. In January, gas exports grew by 23.2 per cent versus the corresponding month of 2016. Between February 1 and February 15, gas deliveries added 37 per cent compared to the same period of last year.

 РУССКИЙ ГАЗ ДЛЯ ГЕРМАНИИ: +23%
2016, November, 9, 18:30:00

RUSSIAN GAS FOR GERMANY: UP TO 23%

Gazprom’s supplies to the German market continued to grow, rising 23 per cent this September and 20.4 per cent this October versus the corresponding months of 2015.

 GERMAN GAS UP 35%
2016, March, 29, 18:55:00

GERMAN GAS UP 35%

Germany consumed 5% more gas and its imports were 13% higher than in 2014. But the surprising statistic is that its 2015 exports of gas grew by 35% year-on-year to top 30bn m3.

Tags: GERMANY, OIL, GAS, ENERGY

Chronicle:

GERMAN OIL & GAS: 58.3%
2018, July, 16, 10:35:00

CHINA'S INVESTMENT FOR NIGERIA: $14+3 BLN

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GERMAN OIL & GAS: 58.3%
2018, July, 16, 10:30:00

LIBYA'S OIL DOWN 160 TBD

REUTERS - Production at Libya’s giant Sharara oil field was expected to fall by at least 160,000 barrels per day (bpd) on Saturday after two staff were abducted in an attack by an unknown group, the National Oil Corporation (NOC) said.

GERMAN OIL & GAS: 58.3%
2018, July, 16, 10:25:00

BAHRAIN'S GDP UP 3.2%

IMF - Output grew by 3.8 percent in 2017, underpinned by a resilient non-hydrocarbon sector, with robust implementation of GCC-funded projects as well as strong activity in the financial, hospitality, and education sectors. The banking system remains stable with large capital buffers. Growth is projected to decelerate over the medium term.

GERMAN OIL & GAS: 58.3%
2018, July, 16, 10:20:00

NIGERIA'S GDP UP 2%

IMF - Higher oil prices and short-term portfolio inflows have provided relief from external and fiscal pressures but the recovery remains challenging. Inflation declined to its lowest level in more than two years. Real GDP expanded by 2 percent in the first quarter of 2018 compared to the first quarter of last year. However, activity in the non-oil non-agricultural sector remains weak as lower purchasing power weighs on consumer demand and as credit risk continues to limit bank lending.

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