Germany on Sunday welcomed a plan by the European Union to label some natural gas energy projects as “green” investments, but stressed its opposition to a proposal to do the same for nuclear power projects. Germany pulled the plug on three of its last six nuclear power stations on Friday …
Read More »Putin: New Germany-Bound Pipeline may Help Reduce Prices
Russian President Vladimir Putin said Wednesday that a new pipeline to Germany has been fully filled with natural gas, noting that it could help quickly reduce soaring European energy prices. The $11 billion Nord Stream 2 pipeline is currently awaiting approval from Germany and the European Union, and officials warned …
Read More »Berlin’s Block of Nord Stream 2 Takes Toll on European Gas Prices
The price of natural gas in Europe on Tuesday rose to $1,400 per 1,000 cubic meters after Germany said Russia’s Nord Stream 2 pipeline could not be greenlighted for launch, citing rising tensions on the Ukrainian border. The price of January futures on the TTF hub in the Netherlands rose …
Read More »Germany Warns Nord Stream won’t Operate if Russia-Ukraine Tensions Escalate
Germany has said the Nord Stream 2 gas pipeline from Russia will not be allowed to operate in the event of any new “escalation” in Ukraine, under an agreement between Berlin and Washington. “In the event of further escalation this gas pipeline could not come into service,” Germany’s new Foreign …
Read More »Naftogaz CEO: Certifying Only the Nord Stream 2 Last Mile is a Mockery of EU Rules
The Ukrainian position is that since Nord Stream 2 is not compliant with EU rules, it should not be certified, the CEO of Ukraine’s gas and oil state company Naftogaz Yuriy Vitrenko told a conference in Brussels on Wednesday (1 December) organised by EURACTIV Bulgaria. The conference, titled “Nord Stream …
Read More »German Chemicals Giant BASF Creates New Subsidiary for Renewable Energy Activities
BASF announced that the company will bundle its renewable-energy activities under BASF Renewable Energy from 1 January 2022. The company will focus on supplying the BASF Group in Europe with electricity from renewable energies, European electricity trading activities and provide global consulting and expertise on renewables for BASF and group …
Read More »Germany’s Future Vice-Chancellor Slams Nord Stream 2 as Project to Pressure Ukraine
Germany’s new government will have to “take another look” at the controversial Nord Stream 2 gas pipeline because it’s a “strategic project” aimed at putting Ukraine under pressure, the incoming German vice-chancellor has claimed. Speaking to Munich-based daily Süddeutsche Zeitung, Robert Habeck explained his belief that the pipeline was “never …
Read More »Germany to Inject more than €50bn Extra Cash for Green Transition
Germany’s next government is working on a 2021 supplementary budget to pump more than €50 billion into its climate fund which could be spent over the coming years to speed up the transition towards a green economy, sources said on Thursday (25 November). The three parties set to form the …
Read More »Germany Plans to Install 30GW of Offshore Wind Capacity by 2030
Germany’s new coalition government has reportedly set a target of installing 30GW of offshore wind capacity by 2030, up from the country’s previous target of 20GW. The coalition agreement signed by the Social Democrats, Greens and Free Democrats pledges to install 40GW of offshore wind capacity by 2035 and 70GW …
Read More »Nord Stream 2 Setback in Germany could be Short-Lived
Germany could resume the certification process for the Russia-led Nord Stream 2 natural gas pipeline in a few weeks, an analyst at a Moscow-based brokerage told Reuters on Monday after a call with senior executives at Gazprom. Last week, Germany said it had suspended the process of certification of the …
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