German Economy Minister Robert Habeck said on Saturday that he will explore liquefied natural gas (LNG) supply on a trip to Qatar and the United Arab Emirates, and aims to secure a hydrogen deal, making Germany less dependent on Russia. Russia is the largest supplier of gas to Germany, according …
Read More »Germany Weighs Plan to Link Hydrogen Pipeline with Norway
Germany and Norway are weighing options to build a hydrogen pipeline to reduce their reliance on Russia for energy supplies in the wake of Moscow’s invasion of Ukraine, reported Bloomberg News. The move is said to in response to recent threat by Russia that it could consider closing the main …
Read More »Europe could Plunge into Recession if Russia Cuts its Gas Supply
Last week, Moscow made good on its threat to weaponize its energy exports in retaliation against Western sanctions by imposing wide-ranging export bans. Alexander Novak, Russia’s deputy prime minister, said his government has the “full right” to “impose an embargo” on gas supplies by halting gas supplies through the Nord …
Read More »Germany’s Lindner Rejects Russian Oil, Gas Ban
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 …
Read More »Germany Intends to Increase Oil and Gas Production in the North Sea
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 …
Read More »How Dependent is Germany on Russian Gas?
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 …
Read More »Germany Reactivates Coal Power Plants amid Russian Gas Supply Threats
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 …
Read More »The Netherlands will Participate in New LNG Terminal in Germany
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 …
Read More »Germany Signs Initial Contract to Build First LNG Terminal
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 …
Read More »Germany Faces Reckoning for Relying on Putin for Cheap Energy
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. …
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