Tag Archives: Germany

German Finance Minister Christian Lindner remains opposed to a boycott of Russian oil and gas, even with leading members of his Free Democratic Party saying restrictions should be imposed to punish Russia for its invasion of Ukraine, the Tagesspiegel newspaper reported on Sunday. “Our concern must be to build up …

Finance Minister Christian Lindner said this is necessary to reduce dependence on Russian energy sources due to the invasion of Ukraine, writes RBC-Ukraine, citing Reuters. Germany, which depends on Russia for two-thirds of its natural gas imports, is urgently trying to stimulate the development of alternative energy sources, including the …

Russia has warned it may shut off its main Nord Stream gas pipeline to Germany after Berlin halted approval of a second line across the Baltic Sea in response to Russia’s invasion of Ukraine. The comment, from Russian Deputy Prime Minister Alexander Novak, reflects escalating tensions that have already sent …

As Germany closes its last nuclear reactors, it is also reactivating old coal power plants to ensure electricity supply security amid Russian threats to turn off the gas tap. Germany’s attempt to simultaneously phase out nuclear and coal power just got significantly more complicated. Once envisaged as a transition fuel …

The Netherlands is working with Germany on a new terminal for liquefied natural gas (LNG) near Hamburg. Finance Minister Sigrid Kaag said she hopes the terminal will help secure the European gas supply, among other things. A letter of intent about the collaboration between the two countries was signed on …

The German state bank KfW and the Dutch utility Gasunie have signed a memorandum of understanding (MoU) on the construction of the first LNG terminal in Brunsbüttel, Germany. Citing the important role of gas as a transition fuel, Germany’s Minister for Energy and Climate Protection Habeck said the goal was …

For years, the U.S. warned Germany of building up a dangerous energy dependence on Russia, the source of more than half of its fossil fuel imports. Now that the war in Ukraine has shocked Berlin into the same conclusion, the government is finding that changing course might be too late. …

Germany’s Federal Maritime and Hydrographic Agency (BSH) has launched the participation procedure for the German continental shelf section of the Hansa PowerBridge subsea cable project. BSH is now accepting submissions from public interest representatives as part of the participation procedure for the 300 kV cross-border submarine cable between Germany and …

German officials said Feb. 26 they were looking for a “targeted and functional” way to ban Russia from the international financial payment system SWIFT, but it remains unclear what impact such a move could have on oil and gas flows. Any actions by the US or EU to cut Russia …

Germany has moved ahead to block the €9.5bn Nord Stream 2 pipeline amid the growing military tensions between Russia and Ukraine. In a blow to the gas pipeline project, German Chancellor Olaf Scholz has suspended its certification process after Moscow announced recognition of the independence of Donetsk and Luhansk in …