Germany's most strategically important building site is at the end of a windswept pier on the North Sea coast, where workers are assembling the country's first terminal for the import of liquefied natural gas (LNG).
German Chancellor Olaf Scholz voiced confidence Wednesday that Germany was well prepared to "survive" the winter despite turmoil in the energy markets in the wake of Russia's military operation in Ukraine.
The German government on Sunday agreed a 65-billion-euro ($65-billion) plan to ease the pressure on households as Russian gas supplies dwindle and energy bills soar, according to a policy paper seen by AFP.
French output is contracting for the first time in a year and a half, mirroring the trend seen in Germany as Europe’s biggest economies succumb to record inflation and increasing uncertainty from the war in Ukraine.
German retailers ended the first half of 2022 with the sharpest year-on-year sales drop in nearly three decades, as inflation, Russia’s military operation in Ukraine and the coronavirus pandemic take their toll, data showed on Monday.
Rising concern over the impact of a potential Russian gas cutoff is fueling the debate in Germany over whether the country should switch off its last three nuclear power plants as planned at the end of this year.