Newsletters | Request Trial | Log in | Advertise | Digital Issue   |   Search
  • Upstream
  • Midstream & Downstream
  • Gas & LNG
  • Trading & Markets
  • Corporate & Finance
  • Geopolitics
  • Podcasts
Search
Related Articles
Germany under pressure to solve Rosneft refinery problem
The Russian company’s German assets are under Berlin’s management and are exempt from sanctions, for now, but a permanent solution still needs to be found
Difficult times for Germany’s downstream
Europe’s refining sector is desperately trying to adapt to a shifting global energy landscape and nowhere is this more apparent than in its largest economy
Europe enjoys temporary respite from high gas costs
More than anything else, weak Chinese gas demand is providing relief to EU consumers, but it is uncertain how long this relief will last
Hydrocarbon Processing Refining Databook 2025: Europe, Russia & CIS
EU net-zero polices have shifted refining investment among member states, while across the region countries and companies continue to adjust to changes in trade flows caused by the war in Ukraine
Drilling rig on the Schwarzbach-2(2.) well in the German state of Hessen
Germany Europe
Larry Bottomley,
Stewart MacDonald
21 December 2023
Follow @PetroleumEcon
Forward article link
Share PDF with colleagues

Outlook 2024: Germany rethinks its energy strategy amid European energy crisis

The consequences of Russia’s invasion of Ukraine have been particularly significant for Germany

European energy security and energy affordability has been thrust into sharp focus by the Russian invasion of Ukraine and the resulting loss of critical gas supplies that Eastern and Central European countries had come to rely upon. This has also come at a time when Europe was taking steps to respond to the challenges of climate change by making its energy supplies more sustainable by increasing the build-out of renewables, which have not yet been able to replace the need for hydrocarbons. Since the crisis began, supplies of Russian gas, which made up 45% of all gas imports in Europe, have dwindled by as much as 80% (according to the IMF). This sudden negative shift set off a domino effect,

Also in this section
Canada’s Asian pivot faces hurdles
12 December 2025
The federal government is working with Alberta to improve the country’s access to Asian markets and reduce dependence on the US, but there are challenges to their plans
New Zealand is back open for business
11 December 2025
The removal of the ban on oil and gas exploration and an overhaul of the system sends all the right messages for energy security, affordability and sustainability
New Zealand’s gas horror story will haunt for years to come
10 December 2025
The economic and environmental cost of the seven-year exploration ban will be felt long after its removal
OPEC presses pause
9 December 2025
The group’s oil production declined in November, our latest analysis finds, amid divided sentiment over market balances and geopolitical jitters

Share PDF with colleagues

COPYRIGHT NOTICE: PDF sharing is permitted internally for Petroleum Economist Gold Members only. Usage of this PDF is restricted by <%= If(IsLoggedIn, User.CompanyName, "")%>’s agreement with Petroleum Economist – exceeding the terms of your licence by forwarding outside of the company or placing on any external network is considered a breach of copyright. Such instances are punishable by fines of up to US$1,500 per infringement
Send

Forward article Link

Send
Sign Up For Our Newsletter
Project Data
Maps
Podcasts
Social Links
Featured Video
Home
  • About us
  • Subscribe
  • Reaching your audience
  • PE Store
  • Terms and conditions
  • Contact us
  • Privacy statement
  • Cookies
  • Sitemap
All material subject to strictly enforced copyright laws © 2025 The Petroleum Economist Ltd
Cookie Settings
;

Search