German gas industry targets 5 GW of power-to-gas capacity in five years

27/11/2019 09:03 Electricity Market


Germany’s gas industry aims to build power-to-gas capacity of five gigawatts (GW) over the next five years, and 40 GW by 2050, as it seeks to develop zero-carbon fuels for homes, factories and vehicles, industry group DVGW said on Tuesday.

The target comes as policymakers aim to unveil a hydrogen strategy by year-end to help decarbonise Germany’s fossil fuel-based gas system towards the use of hydrogen derived from water and biogas from crops and waste.


Currently Germany is home to around 40 small power-to-gas pilot projects. These harness surplus green power, mainly from wind, to carry out electrolysis, splitting water into oxygen and hydrogen to produce zero-carbon fuel.


The government must push renewables and other technologies to help cut carbon emissions by 55% of their 1990 level by 2030, having achieved less than 20%.


Daily (06.07.2020) NBP spot plunged by almost 5% on Friday influenced by an upward revision of the French nuclear output.

06/07/2020 10:40:00

Crude oil prices lost momentum on Friday, on renewed fears over global fuel demand as U.S reported a surge in coronavirus cases. Nevertheless, signs of improving global economy and OPEC+ record high supply cuts limited the loss. As a result, Brent crude decreased by 0.8% to $42.80 a barrel. Similarly, WTI futures traded 1% lower at $40.24 a barrel.


Swinoujscie terminal receives 100th LNG shipment

06/07/2020 10:05:00

The Swinoujscie gas terminal in north-western Poland received its 100th liquefied natural gas cargo on Friday. The 90,000 tonnes LNG shipment came from Qatar Liquefied Gas Company Limited (Qatargas) aboard the Al-Safliya LNG tanker.


Russia's Novak sees global oil output cuts easing from August

06/07/2020 09:56:00

Russian Energy Minister Alexander Novak said on Thursday that the OPEC+ group of oil producers is expected to start easing oil output cuts from August as previously agreed.