The kilowatt hour will be increased by 2,419 euros from October 1 for residential and business customers, due to the so-called “natural gas levy”, the German Ministry of Economy announced today. According to estimates by the BILD newspaper, the levy could mean an additional burden of around 480 euros per year (excluding VAT) for a […]
Tag: natural gas
Increased electricity prices ‘inflate’ the subsidy bill
By Haris Fludopoulos At a time when gas and electricity prices are on fire, inflated costs are translating into increases in electricity bills for end consumers. And this implies an additional need for significant increases in the September electricity tariff subsidies as well, i.e. above the 1.1 billion euros that will be allocated for August. […]
Lindner’s letter to Brussels on the exemption from VAT on the natural gas tax
German Finance Minister Christian Lindner has written to the European Commission asking for permission to waive value added tax on a new levy on the price of natural gas for a limited time, according to a copy of his letter seen by Reuters. Germany’s natural gas market operator is due to announce on Monday the […]
Germany: Gas storage tanks 75% full
The first gas storage target under the new EU regulation was reached more than two weeks early: Despite a significantly reduced volume of deliveries from Russia for weeks, German gas storage facilities are again more than 75 percent full %, according to Spiegel. According to preliminary data from European gas storage managers on Saturday night, […]
Critical two months for the gas storage concession tender in N. Kavala
By Haris Fludopoulos A two-month extension for the submission of their comments on the draft of the concession contract, according to information, the TAIPED has given the prospective investors participating in the tender for the concession of the Underground Natural Gas Storage in southern Kavala. In particular, investors have until the end of September instead […]
Russia increased natural gas flows to Hungary
Russia’s Gazprom has increased flows to Hungary through the Turkstream pipeline that carries natural gas to Hungary via Serbia, a Hungarian foreign ministry official said today, Reuters reported. Hungary is maintaining “realistic relations” with Moscow after Russia’s invasion of Ukraine, raising tensions with some European Union allies keen to take a harder line. Hungary, which […]
Handelsblatt: Hambeck’s plan to save natural gas in Germany
Federal Economy Minister Robert Habeck (Greens) is concretizing his plans to save natural gas, according to Handelsblatt. On Friday, he submitted two decrees for approval by the ministry. The first of the two decrees is set to take effect on September 1 and the second one a month later. The decrees affect every citizen as […]
Senegal offers itself as an alternative source of natural gas for Europe
Senegal is offering itself as an alternative source of natural gas for Europe, as Russia reduces natural gas supplies, as noted by the Bloomberg agency. “Senegal will be able to sell to Europe, especially Germany, as early as the second half of 2024,” said Mamadu Fall Kane, a senior official at COZ-Petrogas, a government commission […]
Reuters: Uniper plan to swap Australian LNG for US to supply Europe
Germany’s Uniper is ready to swap liquefied natural gas (LNG) supplied by Australia’s Woodside for US natural gas so it can boost Europe’s supply more quickly during the coming winter, according to a Reuters report. The strategy comes as companies and governments across Europe scramble to find alternative energy supply solutions and draw up contingency […]
Germany is intensifying its search for LNG suppliers around the world
Germany’s RWE is in talks with a large number of liquefied natural gas (LNG) suppliers, not just in Qatar and North America, its chief executive Markus Kreber said, as Germany’s biggest energy producer steps up efforts to replace supplies of Russian natural gas. As Reutes reports, earlier this year RWE said it was in talks […]