Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Non-Tech : Kirk's Market Thoughts -- Ignore unavailable to you. Want to Upgrade?

To: robert b furman who wrote (13255)	3/8/2022 11:03:46 AM
From: Kirk ©	Read Replies (1) \| Respond to of 26795

Talk about a year late and 100 Euros short.... Nuclear, coal, LNG: 'no taboos' in Germany's energy about-face Germany to build two LNG terminals - Scholz May let coal and nuclear plants run longer - Habeck Germany depends on Russia for half its energy BERLIN, Feb 27 (Reuters) - Germany signalled a U-turn in key energy policies on Sunday, floating the possibility of extending the life-spans of coal and even nuclear plants to cut dependency on Russian gas, part of a broad political rethink following Moscow's invasion of Ukraine. Europe's top economy has been under pressure from other Western nations to become less dependent on Russian gas, but its plans to phase out coal-fired power plants by 2030 and to shut its nuclear power plants by end-2022 have left it with few options. In a landmark speech on Sunday, Chancellor Olaf Scholz spelled out a more radical path to ensure Germany will be able to meet rising energy supply and diversify away from Russian gas, which accounts for half of Germany's energy needs. "The events of the past few days have shown us that responsible, forward-looking energy policy is decisive not only for our economy and the environment. It is also decisive for our security," Scholz told lawmakers in a special Bundestag session called to address the Ukraine crisis. "We must change course to overcome our dependence on imports from individual energy suppliers," he said. This will include building two liquefied natural gas (LNG) terminals, one in Brunsbuettel and one in Wilhelmshaven, and raising its natural gas reserves. These plans will likely be a boon for Germany's top utility RWE (RWEG.DE), which has been backing efforts by German LNG Terminal, a joint venture of Gasunie (GSUNI.UL), Oiltanking GmbH and Vopak LNG Holding (VOPA.AS), to build an LNG terminal in Brunsbuettel. Separately, the German government has asked RWE's smaller rival Uniper (UN01.DE) to revive plans to build an LNG terminal in Wilhelmshaven, Handelsblatt newspaper reported on Sunday, after the company scrapped such plans in late 2020. read more reuters.com