Germany plans to turn LNG terminals into green hydrogen hubs

Germany is building more LNG terminals to make up for the loss of Russian gas. In a few years, some of that infrastructure could be used to handle green fuels that power grids and heat homes. Germany plans to abandon fossil-fueled power by 2035. But instead of shutting down natural gas infrastructure, it’s speeding up

Russia exports €63 bn worth of fossil fuels since war

Despite European Union announcements of several rounds of punitive measures against the Kremlin, a report claimed Moscow has exported a major chunk of its oil export to European countries. According to a report by the Centre for Research on Energy and Clean Air, Russia has exported €63 billion worth of fossil fuels after initiating a

Niedersachsen Ports’ contract for construction of first LNG terminal in Germany

The first pile driving was set in Wilhelmshaven to build Germany’s first LNG terminal. In view of the need to reorganize the energy supply, the project is being advanced under enormous time constraints. The necessary steps must be taken to prevent the occurrence of a gas shortage and to achieve independence from Russian gas supplies.

Bosch to invest for the development of hydrogen electrolyzers

German conglomerate Bosch said that it will develop components for electrolyzers in the future. The Stuttgart-based group wants to invest up to €500 million ($527.6 million) in the new business area by 2030. The particular focus will be on the development of the stacks for electrolyzers. Bosch wants to develop electrolyzer stacks with control units,

India-German agreement on green hydrogen takes shape

During the Prime Minister Narendra Modi’s official visit to Germany, India and Germany have signed a pact on Green Hydrogen. India’s Union Minister for Power and New and Renewable Energy, RK Singh and German Minister for Economic Affairs and Climate Change, Robert Habeck signed the joint declaration virtually whereby the two countries intend to form

Europe’s LNG imports soaring  

Europe is importing record volumes of liquefied natural gas (LNG) as it looks to cut as much Russian gas consumption as soon as possible. Unlike in previous years, Europe is now the most attractive destination for global LNG flows, outbidding Asia for spot supply as prices and demand in Europe have soared after the EU’s

Germany top buyer of Russian energy

Germany was the biggest buyer of Russian energy during the first two months of the war in Ukraine, an independent research group said. A study published by the Centre for Research on Energy and Clean Air calculates that Russia has earned 63 billion euros ($66.5 billion) from fossil fuel exports since Feb. 24, the date

Floating LNG terminal in Germany set to enter operation in 2023

A floating liquefied natural (LNG) gas terminal will enter operation at the start of 2023 in the German state of Schleswig-Holstein. “We are working at full speed on this … Our goal is to get it done by the beginning of 2023. And we will achieve that,” state premier Daniel Guenther told. The terminal in

Germany would plunge in recession, if gas from Russia is stopped abruptly

Germany would plunge into a deep recession if its supply of Russian natural gas was suddenly shut off, the country’s top forecasters warned. The country would lose 220 billion euros ($238 billion) in economic output over the next two years in the event of such a shock, according to a report by five German economic

German start-up raises growth capital to produce green methanol

In Germany, the climate tech start-up C1 has raised growth capital from well-known investors. The first chemical process that C1 has developed using its technology platform is a much more efficient and sustainable process for producing methanol. The alcohol has been an important basic material in the chemical industry since the beginning of industrialization. C1