Tag Archives: Germany

Germany may have to take drastic measures such as gas rationing if levels of gas in storage drop below 40% by February 1st next year, according to the German Federal Network Agency, which will enact such measures if necessary. Germany’s gas storage sites were 99% full at the start of …

Germany is behind in its plan to expand its gas turbine capacity to 30 GW by 2030—the amount needed to stabilize its electricity distribution networks, according to General Electric. Just 4 GW of turbine capacity are in the planning stages. But the timeframes needed to get from the planning stage …

The refinery in Schwedt, Germany, near the Polish border, refines 12 million tons of oil every year. It was built in the 1960s and received its supplies from the Druzhba pipeline, which pumped oil from Russia through Belarus and Poland onward to Germany. The plant in Schwedt was an object …

The German government is postponing its decision on a gas and electricity price brake that had been planned for Friday. Due to the complexity of the project and necessary consultations with the European Union, it will probably not be possible to refer the matter to cabinet this week, said a …

Germany has agreed to sell a stake in the port of Hamburg to a Chinese company in what is bound to be seen as a highly controversial deal putting Germany in a position of dependency to Beijing. Euronews reported that the German government had given COSCO the green light to …

Germany’s gas major Uniper will reduce the use of office space at its headquarters by half and maintain lower temperatures in the space remaining in use, German media reported, as quoted by Reuters. The measures that the company is taking are similar to what the EU is advising businesses and …

Germany is at risk of wasting billions of euros on boosting liquefied natural gas imports instead of moving toward sustainable alternatives like energy efficiency, according to a new report. The country faces about 200 billion euros ($196 billion) of additional costs for gas imports by the end of the decade, …

German Chancellor Olaf Scholz has ordered the country’s three remaining nuclear power stations to keep operating until mid-April, as the energy crisis sparked by Russia’s invasion of Ukraine hurts the economy. Originally Germany planned to phase out all three by the end of this year. Mr Scholz’s order overruled the …

Half of German companies have recently been unable to realize their investment plans, which they intended to do, due to the energy crisis, and 39% of them were forced to completely withdraw from some markets. According to the Welt am Sonntag newspaper, these figures were revealed as a result of …

Germany is set to soon unveil measures to alleviate the impact of soaring energy prices on consumers, with steps likely to include a one-off payment and subsidizing more than half of the expected gas consumption, sources close to the talks at the German expert commission told Reuters on Monday. The …