Tag Archives: Germany

The German government is postponing its decision on a gas and electricity price brake that had been planned for Friday. Due to the complexity of the project and necessary consultations with the European Union, it will probably not be possible to refer the matter to cabinet this week, said a …

Germany has agreed to sell a stake in the port of Hamburg to a Chinese company in what is bound to be seen as a highly controversial deal putting Germany in a position of dependency to Beijing. Euronews reported that the German government had given COSCO the green light to …

Germany’s gas major Uniper will reduce the use of office space at its headquarters by half and maintain lower temperatures in the space remaining in use, German media reported, as quoted by Reuters. The measures that the company is taking are similar to what the EU is advising businesses and …

Germany is at risk of wasting billions of euros on boosting liquefied natural gas imports instead of moving toward sustainable alternatives like energy efficiency, according to a new report. The country faces about 200 billion euros ($196 billion) of additional costs for gas imports by the end of the decade, …

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, …