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
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. Source: Reuters 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
Reuters BERLIN -The United States is waiving sanctions on the company behind Russia’s Nord Stream 2 pipeline to Europe and its chief executive, Germany said on Wednesday, giving Berlin and Washington three more months to resolve a long-standing row. Source: Reuters The stand-off over the completion of the $11 billion venture, led by Russian state energy firm Gazprom, has strained
Reuters BERLIN – The German government expects the energy sector to play the biggest role in reducing carbon emissions by 2030, according to a draft of the reform to its climate protection law seen by Reuters on Thursday. The draft law, which is due to be passed by the cabinet next Wednesday, requires the energy sector to cut C02 emissions
Reuters BRUSSELS – U.S. Secretary of State Antony Blinken said on Wednesday he had told his German counterpart that sanctions against the Nord Stream 2 natural gas pipeline were a real possibility and there was “no ambiguity” in American opposition to its construction. Source: Reuters Berlin has so far been betting the new U.S. administration of President Joe Biden will
Reuters BERLIN – There is an exchange between the U.S. government and Germany regarding the Nord Stream 2 pipeline to take Russian gas to Europe, a German government spokeswoman said on Friday without giving details. Source: Reuters Germany and Russia say Nord Stream 2 is just a commercial project. Washington has long argued the pipeline will dangerously increase Russian leverage
Reuters WASHINGTON – Two U.S. senators urged President Joe Biden to ensure the implementation of sanctions passed in January aimed at stopping the Nord Stream 2 Russia-to-Germany gas pipeline project, which a State Department spokesman reiterated on Friday was a “bad deal” for Europe. Source: Reuters Senators Jim Risch, a Republican, and Jeanne Shaheen, a Democrat, urged the State Department
Reuters WASHINGTON – The U.S. State Department this month told European companies which it suspects are helping to build Russia’s Nord Stream 2 gas pipeline that they face the risk of sanctions as the outgoing Trump administration prepares a final round of punitive measures against the project, two sources said on Tuesday. “We are trying to inform companies of the
Reuters MOSCOW – The Russian pipe-laying vessel Fortuna has left the Nord Stream 2 gas pipeline construction site in the Baltic Sea, Refinitiv Eikon data showed on Monday, indicating that the 2.6-km stretch of the project in German waters may have been completed. Source: Reuters Fortuna was now heading for the north German port of Wismar, the data showed. The
Reuters BERLIN – Germany’s ruling coalition has agreed changes to a new energy law that aims to boost renewable power and help the country meet its goal of producing 65% of its electricity from green sources by 2030, the environment minister said on Monday. The energy law is now expected to go before a parliamentary committee on Tuesday ahead of
Reuters BERLIN – Germany is set to become the first country to drop both nuclear and coal power under a landmark agreement to compensate workers, companies and regional governments as it switches off brown coal-fired plants by 2038. The government struck a deal worth more than 40 billion euros ($44.7 billion) in the small hours of Thursday morning with the
Reuters BERLIN/FRANKFURT – Chancellor Angela Merkel said on Wednesday Germany would not retaliate against a decision by the United States to impose sanctions on companies building the Nord Stream 2 gas pipeline. The U.S. Senate on Tuesday passed legislation to impose sanctions on firms constructing the underwater pipeline to bring Russian natural gas to Germany. It was uncertain whether the
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