T: 01242 620894 E: info@mypoweruk.com

Germany to be the distribution hub for Russian gas

Ugly politics and barely disguised national self-interest run all through this story in the FT about Germany’s support for the Nord Stream 2 pipeline. The Russian project will bypass Ukraine (which is being punished by Russia for moving its political alliances westwards) and will make Germany the distribution hub for Russian gas. It will make Germany’s gas supplies cheaper and so Germany is all over this project; others in the EU see this as a threat to EU unity on its energy policy.

German industry is rightly worried about energy costs and may be content to hold its nose and accept dependence on Russian gas to guarantee supply; where this leaves Europe in the longer term is uncertain.  Perhaps someone to ask the Ukrainian people about their experience.

Read more in the FT...

                                            

 

News Headlines

BMW taking reservations for new fully electric car

Mercedes Benz teases its first foray into the EV market

Germany to be the distribution hub for Russian gas

ICE vehicles to be charged £130 for entering seven busy London streets

London to hit diesel cars even harder

Nuclear waste could be dumped under our National Parks

Porsche names its all-electric Mission E the Taycan

Mypower interview on BBC Radio Gloucestershire

EU judges uphold decision for UK to subsidise Hinkley Point

Germany in the pocket of the Russians due to imported gas dependency

There is no doubt about the direction of electricity prices

Electrifying the expanding number of delivery vans makes perfect sense

Fuel and alcohol duty freeze to be lifted to help fund NHS boost

The potential power of the Greek sun

BP buys UK’s largest electric vehicle charging network

Potentially ground-breaking project proves value of Agrophotovoltaic Farming

The power in the electricity market is shifting to the consumer

Legal & General dump firms who aren't doing enough for climate change

China aiming to remove subsidies from its booming solar market

Academics at Cambridge University are predicting another economic crisis