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Can Deutschland AG cope with the Russian gas shock?

The Economist LogoThe Economist2 mo ago

Can Deutschland AG cope with the Russian gas shock? - The Economist

Quick Summary:

Probably yes in the short term.

But it has made the economy a gas-guzzler.basf’s flagship factory in Ludwigshafen, Germany’s biggest single consumer of gas, inhaled 37 terawatt-hours-worth last year—half as much again as the whole of Denmark.

Industry accounts for 37% of Germany’s gas consumption, a third more than the eu average—not counting the gas-fired electricity it gets from the grid (see chart).

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Article Details

Category: EconomyFinance

Topics: Manufacturing National government Chemical substance Economy Natural gas Petrol Industry Regulatory of industry Energy and resource Business enterprise Competitiveness Imports Germany Factory

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2022-07-14, 10:17:10

News Timezone: GMT -5:00

News Source URL:

Language: English

Reading Time: 10 minutes read

Article Length: 1641 words

Coverage Area: United States

Availability: Desktop Web, Mobile Web

News ID: 54110

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About The Economist

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Main Topics: EconomyFinance

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Update Frequency: 2 posts per week

Year Established: 1843

Headquarters: United States

News Last Updated: 17h ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT -5:00

News Language: English

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Publisher ID: #36

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