Germany To Replace Nuclear With Natural Gas Plants for $16B

Last April, Germany shut down its last three nuclear power stations, marking the end of the country’s atomic age.
Berlin has unveiled plans to spend €16 billion on 10 gigawatts (GW) of new gas-fired power plants in a major overhaul of the country’s energy grid.
Germany is also abandoning its short-lived love affair with coal.

Norwegian Energy Giant Signs 50 Billion Euro Natural Gas Deal With Germany

Equinor’s 10-year, €50 billion gas supply agreement with SEFE addresses 33% of Germany’s current industrial demand.
The deal includes an option for a 5-year extension and Equinor also signed a non-binding letter of intent for long-term low-carbon hydrogen supply starting in 2029.
The partnership aims to accelerate the hydrogen economy, with SEFE expected to become a major off-taker of low-carbon hydrogen from Equinor in the future.