Al Mayadeen English

  • Ar
  • Es
  • x
Al Mayadeen English

Slogan

  • News
    • Politics
    • Economy
    • Sports
    • Arts&Culture
    • Health
    • Miscellaneous
    • Technology
    • Environment
  • Articles
    • Opinion
    • Analysis
    • Blog
    • Features
  • Videos
    • NewsFeed
    • Video Features
    • Explainers
    • TV
    • Digital Series
  • Infographs
  • In Pictures
  • • LIVE
News
  • Politics
  • Economy
  • Sports
  • Arts&Culture
  • Health
  • Miscellaneous
  • Technology
  • Environment
Articles
  • Opinion
  • Analysis
  • Blog
  • Features
Videos
  • NewsFeed
  • Video Features
  • Explainers
  • TV
  • Digital Series
Infographs
In Pictures
  • Africa
  • Asia
  • Asia-Pacific
  • Europe
  • Latin America
  • MENA
  • Palestine
  • US & Canada
BREAKING
The Popular Resistance Committees: We call on all international institutions to take urgent action and uphold their responsibilities by restoring and immediately enforcing effective mechanisms for the distribution of humanitarian aid.
The Popular Resistance Committees: The latest Zio-American crime against Gaza’s starving civilians constitutes a war crime, for which the US administration bears full and direct responsibility.
Gaza Media Office: Bloody spectacle shows that these zones have become collective death traps rather than aid distribution zones.
Gaza Media Office: Dozens of citizens are still surrounded under constant fire in the vicinity of the "aid station."
Gaza Media Office: As soon as citizens arrived, occupation and Americans opened direct fire on them.
Gaza Media Office: Occupation, in complicity with the US company, called on citizens to move toward Wadi Gaza Bridge, claiming that aid would be distributed.
Gaza Government Media Office: Occupation set a bloody trap at bridge of Wadi Gaza, luring thousands of starved civilians, and opened fire on them.
Al Mayadeen's correspondent in South Lebanon: Israeli drone drops sonic grenade in town of Ramiyah.
Al Mayadeen's correspondent in South Lebanon: Israeli drone strike targets vehicle in town of Beit Lif.
The Government Media Office in Gaza: The occupation’s latest crime is further evidence of its ongoing implementation of genocide through starvation.

Companies in Germany forced to slow, halt production due to gas prices

  • By Al-Mayadeen English
  • Source: Agencies
  • 25 Jul 2022 23:21
  • 2 Shares
2 Min Read

The rising cost of gas is causing companies to slow down or completely halt the production of goods and services.

  • x
  • Companies in Germany forced to halt their production due to gas prices
    According to the evaluation, the energy-intensive economy is particularly badly affected

The Association of German Chambers of Commerce and Industry (DIHK) said on Monday that a growing number of enterprises in Germany are forced to stop or reduce production due to increased gas prices.

An evaluation issued by the DIHK on Monday showed that "a total of 16% of industrial companies are forced to respond to the current energy situation by reducing production or partially abandoning some areas."

According to the evaluation, the energy-intensive economy is particularly badly affected: the values here are consistently twice as high as the average for the industry. A total of 32 percent of these energy-intensive companies are dealing with a reduction in production or a (partial) task of business areas. Almost a quarter of them, i.e. a total of 8 percent of all energy-intensive companies, have already implemented appropriate measures. A further 10 percent of the energy-intensive say they are in a corresponding dismantling process, and an additional 14 percent have such steps in their planning.

The DIHK evaluation also shows that many companies still have to procure significant quantities of gas for 2022 in the middle of the year. Only half of the industrial companies have already covered their gas requirements through contracts. More than a third still have to buy more than 30 percent of their annual requirements for 2022. This corresponds to a projected volume of up to 50 terawatt hours of gas.

Related News

Iran warns E3 against politicizing IAEA report: Exclusive

German FM: Berlin no longer in 'definite peace' with Moscow

Read: Politically, winter is coming: German Economy Minister

DIHK President Peter Adrian said the numbers were "alarming," and added that they portray the extent to which the high energy prices burden the German economy.

Earlier this month, German authorities adopted a law that would enable the restoration of coal-fired power plants mothballed for climate protection reasons. It also proposed the possibility of restarting thermal power plants, operating on brown coal, which is the most harmful to the environment. 

At the end of June, Berlin announced the activation of the second stage of the emergency plan for gas, which involves saving measures.

If stage three is announced, the German Federal Network Agency will regulate who provides energy, prioritizing households.

  • Germany
  • Gas prices

Most Read

President Donald Trump and Israeli Prime Minister Benjamin Netanyahu arrive to a news conference in the East Room of the White House, Tuesday, Feb. 4, 2025, in Washington (AP)

Rift widens: Trump, Netanyahu clash in heated phone call over Iran

  • Politics
  • 26 May 2025
US judges quietly consider private security amid Trump tensions

US judges quietly consider private security amid Trump pressures

  • US & Canada
  • 25 May 2025
An Israeli army vehicle moves in the Gaza Strip as seen from southern occupied Palestine, Thursday, May 29, 2025 (AP)

Hamas rejects Witkoff ceasefire plan, says alters terms

  • Politics
  • 29 May 2025
Spokesperson for the Yemeni Armed Forces, Brigadier General Yahya Saree, announces a new operation against Ben Gurion Airport on May 29, 2025 (Yemeni Military Media)

Yemen announces successful hypersonic missile strike on Ben Gurion

  • Politics
  • 30 May 2025

Coverage

All
War on Gaza

Read Next

All
MIT bans class president who gave pro-Palestine speech
US & Canada

MIT bans class president over pro-Palestine speech

Arab ministers condemn Israel 'ban' on planned West Bank visit
Politics

Arab ministers condemn Israeli ban on planned West Bank visit

Major General Hu Gangfeng, Vice President, National Defense University, People's Liberation Army, China, leaves after a panel discussion during the 22nd Shangri-La Dialogue summit in Singapore, Saturday, May 31, 2025. (AP Photo/Anupam Nath)
Politics

China blasts Hegseth, calls US top 'troublemaker' in Asia-Pacific

US activists demand shutdown of Musk's 'dirty' supercomputer: Reports
Technology

US activists demand shutdown of Musk's 'dirty' supercomputer: NBC News

Al Mayadeen English

Al Mayadeen is an Arab Independent Media Satellite Channel.

All Rights Reserved

  • x
  • Privacy Policy
  • About Us
  • Contact Us
  • Authors
Android
iOS