Germany – Oil & Gas 360

Canada’s federal government not interested in investing in LNG

April 1, 2024

Oil Price The federal government of Canada is not interested in investing in any LNG projects or subsidizing such plans, Energy and Natural Resources Minister Jonathan Wilkinson told CTV in an interview aired on Sunday. The Canadian government doesn’t plan to subsidize the electrification of ongoing LNG projects, the federal minister of energy added. “The government is opposed to using government money

Kazakh oil starts flowing to Germany via Russian pipeline network

February 27, 2023

Oil Price Crude oil from Kazakhstan started flowing via the Russian pipeline network to Poland for further delivery to Germany, Russian pipeline monopoly operator Transneft said on Monday. Kazakh crude oil began flowing to Germany via transit through Poland, Transneft’s representative Igor Demin told Russian news agency TASS. This weekend, Kazakhstan’s oil pipeline operator KazTransOil delivered 20,000 tons of Kazakhstani oil

TotalEnergies becomes one of Germany’s main LNG suppliers with floating LNG regasification unit

January 13, 2023

World Oil (WO) — TotalEnergies announces the start-up of the Deutsche Ostsee LNG import terminal for liquefied natural gas (LNG). Operated by Deutsche ReGas in Lubmin on the German Baltic Sea coast, the site’s official inauguration will take place on Jan. 13, attended by German Federal Chancellor Olaf Scholz. This project, to which TotalEnergies is contributing a floating storage and

Germany girds for gas rationing, Europe on edge in Russian standoff

March 30, 2022

US News BERLIN/FRANKFURT -Germany triggered an emergency plan to manage gas supplies on Wednesday that could see Europe’s largest economy ration power if a standoff over a Russian demand to pay for fuel with roubles disrupts or halts supplies. Moscow’s insistence on rouble payments for the Russian gas that meets a third of Europe’s annual energy needs has galvanised others

Germany could replace half its imported Russian gas this year – industry group

March 18, 2022

Reuters Germany could replace around half of its natural gas imports from Russia this year in the event of a delivery stoppage, utility industry association BDEW said on Friday The group that represents 1,900 operators in gas, power and water supply said that according to its sources, Russia’s share of Germany’s gas supply in Jan-March, which is not officially published,

Explainer: Suspension, sanctions, lawsuits: Germany’s Nord Stream 2 headache

February 23, 2022

Nasdaq BERLIN, Feb 23 – Germany’s decision to halt the certification of Nord Stream 2 has raised questions about the future of the $11 billion, 1,230-km gas pipeline under the Baltic Sea and the prospect of compensation lawsuits by its Russian owner Gazprom GAZP.MM. Here is what to expect next regarding Europe’s most divisive energy project: IS NORD STREAM 2

Germany freezes Nord Stream 2 gas project as Ukraine crisis deepens

February 22, 2022

Yahoo Finance BERLIN – Germany on Tuesday halted the Nord Stream 2 Baltic Sea gas pipeline project, designed to double the flow of Russian gas direct to Germany, after Russia formally recognised two breakaway regions in eastern Ukraine. Europe’s most divisive energy project, worth $11 billion, was finished in September, but has stood idle pending certification by Germany and the

Germany vows sanctions if Russia uses Nord Stream 2 pipeline as a “weapon”

August 23, 2021

World Oil (Bloomberg) – Chancellor Angela Merkel reinforced her vow to push for additional sanctions against Russia if the Kremlin uses the Nord Stream 2 gas pipeline linking Russia to Germany as a “weapon.” The comments came two days after President Vladimir Putin raised the stakes in mounting tension over energy with the EU. Putin imposed conditions on any extension

US, German deal on Russia’s Nord Stream 2 pipeline will ‘really undermine’ national security: Pompeo

July 21, 2021

Fox Business Former Secretary of State Mike Pompeo slammed the Biden administration on Wednesday for the agreement with Germany, which would allow for the completion of the controversial Russian Nord Stream 2 natural gas pipeline, arguing that it would “really undermine American national security.” The agreement, confirmed by Fox News, bucks longstanding opposition to the pipeline in Washington, D.C., and was opposed by officials from

Germany, U.S. seek to resolve Nord Stream 2 dispute by end August -Altmaier

June 25, 2021

Reuters BERLIN – The conservative and Greens candidates to succeed German Chancellor Angela Merkel after September’s federal election clashed on Thursday on the Nord Stream 2 gas pipeline from Russia, and on whether Germany should host U.S nuclear weapons. In their first debate, focused on foreign and security policy, Armin Laschet, from Merkel’s conservative alliance, welcomed a decision by the

BASF postpones Wintershall Dea oil and gas business IPO

June 16, 2021

Nasdaq FRANKFURT – Chemicals group BASF (BASFn.DE) put the planned stock market listing of its Wintershall Dea business on hold on Wednesday until further notice, saying the market was underestimating the value of oil and gas companies. BASF and co-owner LetterOne will postpone the Initial Public Offering (IPO), previously slated for the second half of 2021, to a later point in time, the German group

U.S. to insist on ‘real steps’ to mitigate Russian pipeline impact

June 8, 2021

Reuters U.S. Secretary of State Antony Blinken said on Tuesday that Washington was working with Germany to try to mitigate any effects of the completion of the Russian Nord Stream 2 natural gas pipeline. He also indicated that more penalties could be in order for those involved with the project, telling a U.S. Senate Appropriations Committee hearing, “We also of

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