Electric Power
Does German 'Ausstieg' mean more Russian gas?
Germany has set out a daunting challenge for itself to come up with a sustainable solution for finding an alternative to almost a quarter of its electric power mix, after its government decided to phase out nuclear energy by 2020. As part of the solution, the push for renewable energy in Germany will undoubtedly become even stronger. We will similarly witness a strong push for gas as a flexible and cleanest of all fossil fuels. At first glance the case seems simple. Additional gas demand could be covered with more gas from Russia with the first string of Nord Stream becoming operational this year. While German politicians appear to be in favour of this, German energy majors, such as RWE, seem to see things differently.
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