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2022-06-10 14:20:00

GERMANY NEED RUSSIAN ENERGY

GERMANY NEED RUSSIAN ENERGY

BLOOMBERG - June 10, 2022 - 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.

“Russia’s invasion of Ukraine makes it painfully clear to us every day: We have to move away from fossil energy sources, and away from dependence and blackmail on Russian imports,” Economy Minister Robert Habeck, a member of the Green party, said in a statement launching the campaign.

Europe’s largest economy is being pressured to decrease its reliance on Russian gas and oil after the invasion of Ukraine. The country already announced it’s stopping Russian oil imports by 2023 and reducing imports of Russian gas.

“Only with more renewable energies and more energy efficiency will we strengthen our independence,” Habeck said while adding that citizens might see higher energy bills in autumn.

The economy ministry is asking the nation’s 80 million people to follow its example and take steps in three different categories:

  • Cooling: Shut down cooling where possible; where air conditioning is still needed, raise temperatures to 26 degrees Celsius (79 degrees Fahrenheit) from 22 degrees
  • Heating: From June to August, heating is recommended to not be in operation. In the other months, control heating by weather conditions; reduce flow temperatures of all heating circuits to the necessary minimum; extend night setback; and increase night-time temperature reduction
  • Lighting: Decrease time of automated lighting, and shut down outdoor lighting where not needed

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Earlier:

GERMANY NEED RUSSIAN ENERGY
2022, June, 7, 11:15:00
RUSSIAN GAS FOR EUROPE IS STABLE
Russia's Gazprom said its supply of gas to Europe through Ukraine via the Sudzha entry point was seen at 40.1 million cubic metres (mcm) on Monday, unchanged from 40.1 mcm on Sunday.
GERMANY NEED RUSSIAN ENERGY
2022, June, 3, 13:10:00
RUSSIAN SANCTIONS RISES PRICES
"The EU's decisions to partially phase out Russian oil and oil products, as well as to ban the insurance of Russian merchant ships, are highly likely to provoke further price increases, destabilize energy markets, and disrupt supply chains," the Russian Foreign Ministry said in a statement.
GERMANY NEED RUSSIAN ENERGY
2022, June, 2, 11:40:00
RUSSIA SANCTIONS SPLIT
Another group of officials, many based at Janet Yellen’s Treasury Department, worry about further strains on a global economy already suffering from supply-chain woes, inflation, volatile oil prices and a potential food crisis.
GERMANY NEED RUSSIAN ENERGY
2022, June, 1, 10:55:00
RUSSIA SANCTIONS $285 BLN
Even with some countries halting or phasing out energy purchases, Russia's oil-and-gas revenue will be about $285 billion this year, according to estimates from Bloomberg Economics based on Economy Ministry projections.
GERMANY NEED RUSSIAN ENERGY
2022, May, 23, 13:15:00
RUSSIAN OIL DISCOUNTS
The discounted Russian Urals had helped to boost refining margins and operation rates for independent refineries.
GERMANY NEED RUSSIAN ENERGY
2022, May, 12, 14:10:00
RUSSIAN SANCTIONS FOR GERMANY
Moscow has imposed sanctions on the owner of the Polish part of the Yamal pipeline that carries Russian gas to Europe, as well as Gazprom's former German unit, whose subsidiaries help meet Europe's gas consumption.
GERMANY NEED RUSSIAN ENERGY
2022, March, 31, 14:00:00
RUSSIAN GAS FOR GERMANY IN ROUBLES
"The change in the procedure for settlements is introduced due to the fact that, in violation of international law, the foreign exchange reserves of the Bank of Russia were frozen by the EU member states," the Kremlin said.
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Tags: GERMANY, RUSSIA, ENERGY, OIL, GAS, SANCTIONS