Germany News


Gerhard Schroeder Steps Down from Rosneft Board after EU Sanctions Threat

May 23, 2022

Russia's state-owned oil company Rosneft said on Friday that former German chancellor Gerhard Schroeder and German businessman Matthias Warnig were stepping down from its board of directors.The European Parliament had urged on Thursday that Schroeder…

Vallourec to Close Sites in Germany, France, and Scotland, with 2950 Jobs Set to Be Lost

May 19, 2022

Vallourec is starting a process to close its German manufacturing sites as it had failed to find a 'credible' buyer for the assets, the French steel pipe maker said on Wednesday.Vallourec also said it would close its heat treatment line in Saint-Saulve in France and a site in Scotland…

Germany to Help Eastern EU States Without Ports Access LNG - Scholz

May 06, 2022

Germany will show solidarity with European Union countries seeking alternatives to Russian gas and oil, for example helping eastern states without ports in the North or Baltic Seas access liquefied natural gas (LNG), Chancellor Olaf Scholz said on Thursday…

Germany to Charter Four FSRUs in Push to Cut Reliance on Russian Gas

May 05, 2022

The German government on Thursday signed agreements for the charters of four floating storage and regasification units (FSRUs), as it works to become less reliant on Russian gas, as FSRUs will enable it to import LNG from other sources.The agreements…

Gas Prices Help OMV Cushion Nord Stream 2 Impairments

Apr 29, 2022

Austrian oil and gas group OMV reported better-than-expected first-quarter results on Friday as higher market prices and gains across all units more than offset a hit from impairments related to the discontinued Nord Stream 2 project.OMV said its adjusted operating income grew to 2…

Iberdrola Gets Nod to Start Construction of Baltic Eagle Wind Farm

Apr 25, 2022

Spanish renewable energy company Iberdrola said Monday it has received approvals to start construction of the Baltic Eagle offshore wind farm in Germany.With a capacity of 476 MW, Baltic Eagle will be capable of supplying renewable energy to 475…

Sudden Cutoff of Russian Gas Would Cause Sharp Recession in Germany

Apr 13, 2022

Germany would face a sharp recession if gas supplies from Russia are suddenly cut off, the country's leading economic institutes said on Wednesday, and the government said the war in Ukraine poses 'substantial risks' for Europe's largest economy…

Update: Germany Unveils Renewable Energy Expansion Plan

Apr 06, 2022

Germany's economy and climate ministry presented a package of measures on Wednesday to speed up the expansion of renewable energy, as the need to reduce the country's heavy reliance on Russian fossil fuels adds urgency to its green transition plans…

Russia's Gazprom Quits German Business Amid Crisis in Energy Ties

Apr 04, 2022

Russia's Gazprom said on Friday it was quitting its business in Germany at a moment of crisis in the vital energy ties between the two countries in the wake of Russia's invasion of Ukraine.The gas giant gave no details or explanation of its…

Russian Gas Deliveries to Europe Dip Slightly

Mar 23, 2022

Russian gas deliveries to Europe through the Nord Stream 1 pipeline across the Baltic Sea dipped slightly on Wednesday, while gas continued to flow eastwards from Germany into Poland along the Yamal-Europe pipeline.Flows to Germany through Nord Stream 1 stood at 65…

Nord Stream 1 Gas Pipeline Deliveries Dip In Line with Requests

Mar 17, 2022

Russian gas deliveries to Europe via the Nord Stream 1 pipeline declined from normal levels on Thursday but were in line with requests for gas, while the Yamal-Europe pipeline remained in reverse mode for a third consecutive day.Flows to Germany…

Russian Piped Gas Deliveries to Europe Stable

Mar 10, 2022

Russian piped gas deliveries into Germany via Nord Stream 1 and Poland and into Slovakia via Ukraine remained stable, pipeline operator data showed on Thursday.Flows through the Nord Stream 1 pipeline which crosses the Baltic Sea to Germany were steady at around 73…

How Dependent is Germany on Russian Gas?

Mar 08, 2022

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…

Nord Stream 2 Owner Mulls Insolvency in Wake of Pipeline Halt, Sanctions, Say Sources

Mar 01, 2022

The Swiss-based company which built the Nord Stream 2 gas pipeline from Russia to Germany is considering filing for insolvency, two sources familiar with the situation said, as it attempts to settle claims ahead of a U.S. sanction deadline for other entities to stop dealings with it…

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