Kazakhstan and Germany plan to cooperate on energy security, including oil and gas supplies to Europe, it is noted in a declaration adopted by the presidents of Kazakhstan and Germany, Kassym-Jomart Tokayev and Frank-Walter Steinmeier, following the Kazakh leader’s official visit to Berlin, APA reports. “The presidents welcome close cooperation to strengthen energy security and […]
Germany is risking gas shortages this winter if it turns out to be colder than previous years, the country’s gas storage association has warned.
Germany is planning to allocate €1.5 billion to establish a strategic natural gas reserve with a capacity of 2.3 billion cubic meters, AzerNEWS reports, citing Reuters.
Germany may be getting cold feet about ending its oil reserve waiver. Berlin said this week it is considering extending a temporary reduction in national oil stockpiling requirements beyond the current August 31 deadline, even as markets celebrate the U.S.-Iran agreement and the expected reopening of the Strait of Hormuz. Officially, Germany insists there are […]
Germany’s uneasy energy truce with Washington is starting to fray, and the pressure point is a single refinery that keeps Berlin moving.
German Chancellor Friedrich Merz said he’s optimistic that the US will exempt Rosneft PJSC’s German unit from Washington’s latest sanctions against Russia.
The LNG will be sourced from the company’s Das Island liquefaction facility, with the total deal valued at approximately USD 400 million. The site has exported over 3,500 LNG cargoes globally since 1977 and produces up to 6 million tonnes per year.
Germany has given the green light for drilling as much as 13 billion cubic meters (Bbcm) of natural gas at a protected marine site in the North Sea in a controversial step to bolster energy security.
Entso-e, the association of EU transmission system operators, released a report on Monday evaluating bidding zone configurations with the purpose of establishing “optimal bidding zone configurations in Europe to maximize economic efficiency and cross-zonal trading opportunities, while maintaining security of supply.”
Domestic power prices have been very volatile in recent months amid low wind speeds. Germany has been experiencing lower-than-normal winds for four months, which have reduced wind power generation, boosting electricity prices and the reliance on fossil fuels. Electricity prices have been rising this year due to higher natural gas prices in Europe amid a cold winter, lower wind generation, and faster depletion of natural gas inventories.