2024-09-11 07:00:00 +0300

Germany Cranks Up Chemical Imports as Energy Crisis Hikes Costs

Logo Bloomberg
Bloomberg
By William Wilkes

Germany is increasingly getting vital chemicals from abroad as the country’s industrial giants like BASF SE struggle with sky-rocketing energy prices from Russian gas cuts.

Chemical import volumes have almost doubled this year as the crisis deepened. Germany imported around 2.8 billion tonnes of inorganic chemicals in the first half of 2022, according to Germany’s federal statistics office. That’s around 40% more in volume terms than during the same period a year ago.

AD
AD

Continue read on bloomberg.com

AD
Logo CNN
MarketsBy Anna Cooban2024-09-05 17:32:48 +0300
London (CNN Business)Europe's energy crisis is deepening as Russia further limits exports of natural gas, forcing governments to spend billions to protect...

Logo U.S. News & World Report
PoliticsBy Associated Press2024-09-06 16:36:06 +0300
By DAVID McHUGH, AP Business Writer FRANKFURT, Germany (AP) Europe is struggling to contain an energy crisis that could lead to rolling blackouts, shuttered...

Logo The New York Times
Business / FinanceBy Melissa Eddy2024-08-30 12:00:21 +0300
Industrial producers across Germany are coming up with unique ways to cut their dependence on natural gas as Russias war in Ukraine keeps prices high. In the...

Logo CNN
MarketsBy Anna Cooban2024-08-31 13:57:31 +0300
London CNN Business — Russia has temporarily halted natural gas deliveries to Europe through a vital pipeline and cut off all supplies to a French utility,...

Logo OilPrice.com
MarketsBy Irina Slav2024-08-16 17:30:00 +0300
The German federal government has signed two memoranda of understanding with the country's top gas utilities for the delivery of two floating LNG import...

Logo Bloomberg
MarketsBy Vanessa Dezem2024-09-09 15:50:55 +0300
Germany’s energy crunch is forcing it to sign fossil-fuel contracts that last decades as the country balances keeping the lights on and homes heated against...

Logo U.S. News & World Report
PoliticsBy Reuters2024-09-06 16:50:51 +0300
By Elizabeth Pineau and Caroline Pailliez PARIS (Reuters) - France is reactivating a disused pipeline in its northeastern Moselle administrative department,...

Logo Nasdaq
Business / FinanceBy Reuters2024-08-18 18:45:16 +0300
FRANKFURT, Aug 18 (Reuters) - German natural gas import costs rose by 153% in the first six months of 2022 from a year earlier, even though imports were down...

Logo OilPrice.com
MarketsBy Ag Metal Miner2024-09-01 23:00:00 +0300
A pos t in the Financial Times this week reported on comments made by Shell’s chief executive Ben van Beurden. In the article, Ben van Beurden focused mainly...

Logo CBC
Business / FinanceBy The Associated Press2024-09-03 00:03:17 +0300
Europe's energy crisis loomed larger Friday after Russian energy giant Gazprom said it couldn't resume the supply of natural gas through a major pipeline to...

Logo Investing.com
MarketsBy Reuters2024-08-21 20:55:12 +0300
© Reuters. MILAN (Reuters) - Energy-intensive industries in Italy are modifying their production to save energy as they struggle with soaring bills, a top...

Logo Bloomberg
MarketsBy Todd Gillespie2024-08-15 12:51:41 +0300
European power prices jumped to new highs as natural gas extended gains, deepening the energy crunch that’s threatening to plunge the region into a...

Logo OilPrice.com
MarketsBy Haley Zaremba2024-09-06 23:00:00 +0300
The Russian war in Ukraine has sent a devastating domino effect rippling through the global economy that has left nations across the world wirth devastating...

Logo Investing.com
EconomyBy Reuters2024-08-16 12:10:43 +0300
Reuters. FILE PHOTO: Export cars are loaded on a RoRo ship of Italian Grimaldi Group at a terminal in the port of Hamburg, Germany August 1, 2018....

Logo The New York Times
Business / FinanceBy Erika Solomon2024-09-04 23:21:23 +0300
Germany, Sweden and the Czech Republic announced measures to populations feeling the bite of rising inflation and energy costs tied to war in Ukraine. BERLIN...

Logo The Motley Fool
MarketsBy Newsfeedback@Fool Com (Rich Duprey)2024-09-08 12:04:00 +0300
With oil still trading around the $90 per barrel, the U.S. is contending with historically high energy costs, but it pales in comparison to the energy crisis...

Logo Reuters
Business / FinanceBy Reuters2024-08-19 14:50:40 +0300
Germany has decided to replace all Russian energy imports, most notably natural gas, by as soon as mid-2024, a Herculean effort given Europe's top economy...

Logo Nasdaq
Business / FinanceBy The Motley Fool2024-09-08 12:04:00 +0300
With oil still trading around the $90 per barrel, the U.S. is contending with historically high energy costs, but it pales in comparison to the energy crisis...

Logo Nasdaq
Business / FinanceBy Reuters2024-09-05 12:45:45 +0300
By Jonathan Cable LONDON, Sept 5 (Reuters) - The euro zone is almost certainly entering a recession, with surveys on Monday showing a deepening cost of...

Logo Benzinga
Business / FinanceBy Business Wire2024-09-01 17:37:00 +0300
Excelerate Energy, Inc. EE (the Company or Excelerate) announced today that on August 25, 2022, the Company and ENGIE (ENGIE) signed a term sheet for the...