Tag Archives: Germany

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 …

Germany is entering a dark winter with too much natural gas consumption and may be unable to avoid an energy “emergency” in the months ahead, the head of the country’s network regulator warned Thursday, according to WaPo. “Gas consumption increased by too much last week,” said Klaus Mueller, head of …

Norway will beef up its security at its oil and gas installations after three explosions rocked the Nord stream 1 & 2 pipelines, the country’s oil and energy minister said on Tuesday. Germany’s economy minister also offered words of strength on Tuesday, saying that it knows how to—and can—defend its …

Abu Dhabi Future Energy Company – Masdar – and Germany’s RWE Renewables, two of the world’s leading renewable energy companies, announced today they have signed a Memorandum of Understanding (MoU) to explore collaboration on developing offshore wind projects in a range of key markets. Under the terms of the MoU, …

The German government has agreed to nationalise the country’s biggest gas importing company, Uniper. The move expands state intervention in the industry to prevent an energy shortage resulting from Russia’s war in Ukraine. The deal with Uniper builds on a rescue package agreed in July and features a capital increase …

As Germany desperately attempts to stave off a winter energy crisis, most recently seizing Rosneft refinery assets, a leak at a nuclear plant reported by the country’s Environment Ministry adds to the pressure, with operations now set to be shut in for a week as repairs get underway. Germany’s Isar …

Berlin took control of the German operations of Russian oil firm Rosneft to secure energy supplies which have been disrupted after Moscow’s offensive in Ukraine. Rosneft’s German subsidiaries, which account for about 12 percent of oil refining capacity in the country, were placed under trusteeship of the Federal Network Agency, …

Germany is increasingly getting vital chemicals from abroad as the country’s industrial giants like BASF SE struggle with sky-rocketing energy prices from Russian gas cuts. Chemical import volumes have almost doubled this year as the crisis deepened. Germany imported around 2.8 billion tonnes of inorganic chemicals in the first half …