The 1,000 municipal utilities that are the last link in the German energy supply chain are feeling the pinch of record-high energy prices, raising fears that some of them might go bankrupt. While large energy companies like Uniper and E.ON receive plenty of attention from German politicians, municipal utilities – …
Read More »ADNOC Sends First Low-Carbon Ammonia Cargo to Germany
Abu Dhabi National Oil Company (ADNOC) said that its first shipment of low-carbon ammonia has left the UAE bound for Hamburg, Germany, marking the first ever cargo of low-carbon ammonia to be shipped to the European country. The demonstration cargo will be delivered to Aurubis, a leading global provider of …
Read More »Germany is Finally Rethinking its Position on Nuclear Power
It sure looks as though momentum is all of a sudden getting behind nuclear power, with even NPR coming out and writing yesterday that “resistance to nuclear power is on the decline worldwide — and environmentalists helped lead the push.” Now, with energy prices going parabolic in his country, German …
Read More »Germany Upbeat on Energy Security; Baltics Count on Wind
German Chancellor Olaf Scholz insisted Tuesday that his country was well-prepared to tackle a possible energy shortage due to Russia’s squeeze on European gas supplies, as fears grow about the rising prices that will hit consumers across the continent this winter. Speaking at the start of a two-day government retreat, …
Read More »Germany’s Gas Reserves Filling up Quicker than Expected
With winter just around the corner, Germany has been desperately trying to fill up its gas reserves. On Sunday, the German Vice-Chancellor confirmed that the reserves were filling up quickly, easing fears of households not having access to heating in the coming months. German gas reserves target set to be …
Read More »Germany is Preparing to Nationalize Gazprom’s Subsidiary
The German government has created a holding company for nationalizing the German branch of Russia’s Gazprom. Germany wants to carry out the nationalization as soon as possible. The former Gazprom Germania was initially renamed Securing Energy for Europe (SEFE), and then in June renamed Securing Energy for Europe Holding GmbH …
Read More »Europe Says ‘No’ to VAT Exemption on German Gas Levy
Europe is hoping the new gas levy Germany is introducing for all gas consumers not have “unintended consequences”. It is hoped that this new tax will allow the country to offset the rising cost of gas imports caused by the reduced Russian gas flows through Nord Stream 1 pipeline. Germany …
Read More »Germany Considers Fracked Gas amid Energy Crisis
Temperatures might be soaring across Germany but staying warm this winter without Russian gas — which until the start of the war supplied over 50% of annual demand — is already a pressing concern. Plans to make up the shortfall, if Russian supplies run dry, are already in place: Higher …
Read More »Germans Urged to Cap Heat in Offices this Winter to Save Gas
German businesses and public institutions should heat their offices no higher than 19 degrees Celsius (66.2 degrees Fahrenheit) this winter to help reduce the country’s consumption of natural gas, Germany’s economy minister said Saturday. Germany, the European Union’s biggest economy, is quickly trying to wean itself off using natural gas …
Read More »Scholz Promises Tax Relief to Help Germans with Energy Bills
German Chancellor Olaf Scholz on Thursday (11 August) promised a new package of measures, including tax relief, to help people struggling with rising energy bills as a result of a gas standoff with Russia. “Citizens can count on us not to abandon them,” Scholz told journalists in Berlin. An energy …
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