Germany’s state-controlled firm Securing Energy for Europe (Sefe) and Equinor signed on Tuesday one of the biggest-ever natural supply deals for Norway’s energy giant worth an estimated $55 billion (50 billion euros). Equinor will supply Germany’s Sefe with around 10 billion cubic meters (bcm) of natural gas per year from …
Read More »German Firm Seeks U.S. Watchdog Approval for LNG Project
A German state-owned company has requested from the U.S. Federal Energy Regulatory Commission approval for the construction of Venture Global’s CP2 LNG project. The entity, called SEFE, or Securing Energy for Europe, comprises the assets previously owned by Gazprom’s German subsidiary. The company was nationalized last year and earlier this …
Read More »Europe’s Largest Economy may Face Wild Gas Price Volatility this Winter
LNG demand in Asia and Europe is beginning to rise ahead of the peak winter season amid a calmer market compared to last year’s chaos and record-high prices. But neither Europe nor Asia should be complacent about winter gas supply as winter weather, delivery disruptions, and geopolitical tensions could upend …
Read More »German Company Resumes Trading LNG with Russia
A German company that was previously nationalized due to its ties to Russia has resumed trading liquefied natural gas (LNG) with Russia. According to Ukrinform, Bloomberg reported this. “The German government is facing criticism over its energy ties as a taxpayer-backed company re-enters the liquefied natural gas trade with Russia,” …
Read More »Germany Sees Renewables Generating over 50% of its Electricity in 2023
Renewable energy sources are expected to generate more than 50% of Germany’s electricity this year, Economy Minister Robert Habeck said at a conference in Berlin on Monday. However, the minister from the Green party who is also responsible for climate action, warned that Europe’s biggest economy needs to accelerate the …
Read More »Germany’s Largest Bio-LNG Plant Ready for Launch
Germany’s largest integrated Bio-liquefied natural gas (Bio-LNG) is set to begin production after the successful completion of conversion and assembly work at the BioEnergie Park Güstrow in Mecklenburg-Western Pomerania. The work involved project operator EnviTec Biogas connecting a 300,000-litre liquefied carbon dioxide (LCO2) tank to the plant. The raw biogas …
Read More »Energy Firms in Germany are Spinning off their Coal Businesses
Energy firms in Germany are spinning off their coal operations to appease ESG pressures from banks and investors, with several operators already separating the dirty coal business from renewable power generation. However, the spin-offs could only raise emissions if the owners of the coal assets continue to operate them, analysts …
Read More »Germany Triggers EU Investigation into Chinese Biofuels
Germany has asked the European Commission to investigate the flow of allegedly fraudulent biofuels into the European Union, a spokesperson for the German Environment Ministry said, stepping up scrutiny on trade in the fuel that has rattled the industry. EU incentives for biodiesel production made with waste oils and fat …
Read More »Germany must Speed up Energy Transition for Climate Protection, Prosperity
German Chancellor Olaf Scholz said on Friday that the country should speed up the transition to green energy both for climate protection and more prosperity. Speaking to reporters in Berlin, after a meeting with business and trade union leaders, Scholz underlined that Germany has ambitious goals, and it is aiming …
Read More »Poland and Germany at the Top of the Infamous Polluters Ranking
The first ten places on the list of the largest greenhouse gas emitters in the EU are occupied by coal-fired power plants, with the highest number found in Poland and Germany. These ten power plants accounted for one-quarter of the total emissions from the energy sector and 13 percent of …
Read More »