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…

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…

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…

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…

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…

Can Germany Keep Warm Without Russian Gas?

Mar 09, 2022

Russia said it could cut gas deliveries to Germany through the Nord Stream 1 pipeline amid rising tensions over the Ukraine crisis, disrupting a route that accounted for 60% of Russian gas supplies to Europe in the first two months of this year…

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…

Germany to Speed Renewables Push Due to Ukraine Crisis

Feb 28, 2022

Germany aims to speed up wind and solar energy projects, a document seen by Reuters showed on Monday, as the war in Ukraine underscores the need to reduce reliance on Russian gas.Cutting back on Russian gas has been tricky for Europe's largest…

U.S. Sanctions Nord Stream 2 AG and its CEO

Feb 24, 2022

The United States on Wednesday imposed sanctions on the company in charge of building Russia's Nord Stream 2 gas pipeline, expanding penalties on Moscow after it recognized two breakaway regions in eastern Ukraine.The sanctions, which target the Nord Stream 2 AG company and its CEO…

Germany's Chancellor Scholz Halts Nord Stream 2 as Ukraine Crisis Deepens

Feb 22, 2022

German Chancellor Olaf Scholz halted the Nord Stream 2 gas pipeline project designed to bring more Russian gas to Germany on Tuesday after Russia formally recognized two breakaway regions in eastern Ukraine.Europe's most divisive energy project…

Biden: Nord Stream 2 Will Be Halted if Russia Invades Ukraine

Feb 08, 2022

U.S. President Joe Biden said on Monday that the Nord Stream 2 gas pipeline would be halted if Russia invades Ukraine and stressed unity with German Chancellor Olaf Scholz as the West rallies to avert a war in Europe.At a White House press conference with the new German leader…

State Dept: Nord Stream 2 Will Not Move Forward if Russia Invades Ukraine

Jan 27, 2022

U.S. State Department spokesperson Ned Price said on Wednesday the Nord Stream 2 pipeline between Russia and Germany will not move forward if Russia invades Ukraine.'I want to be very clear: if Russia invades Ukraine one way or another, Nord Stream 2 will not move forward…

Logistics News

Capesize Spot Rates Hesitant Despite 5% Rise in Demand -BIMCO

Capesize Spot Rates Hesitant Despite 5% Rise in Demand -BIMCO

Jobs at Stake as California Port Terminal Upgrades to Green Technology

Jobs at Stake as California Port Terminal Upgrades to Green Technology

Kakhovka Dam Collapse Blocks Gateway for Ukrainian Exports

Kakhovka Dam Collapse Blocks Gateway for Ukrainian Exports

Biden Encourages Continued Collective Bargaining in US Ports Dispute

Biden Encourages Continued Collective Bargaining in US Ports Dispute

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