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Top related persons:
Annegret - 1 John Kemp - 1 Marguerita Choy - 1
Top related locs:
Bad Lauchstaedt Germany Chartbook Europe GIE Ukraine Northwest Europe Frankfurt
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VNG AG - 1 REUTERS - 1 European Union - 1 Britain - 1 Gas Infrastructure - 1 Thomson - 1

Search resuls for: "VNG AG"


3 mentions found


☆ Europe’s gas crisis is over, but not the painful adjustment
  + stars: | 2023-11-21 | by ( John Kemp | Thomson Reuters | John Kemp Is A Senior Market Analyst Specializing In Oil | ) www.reuters.com   time to read: +5 min
A general view of pipelines on the gas storage facility at the gas trading company VNG AG in Bad Lauchstaedt, Germany July 28, 2022. REUTERS/Annegret Hilse Acquire Licensing RightsLONDON, Nov 21 (Reuters) - Europe’s gas inventories continued to accumulate much later than usual into the autumn as exceptionally mild weather delayed the onset of the winter heating season. It was the culmination of an unusually long refill season which has left the region’s storage sites brimming with gas and eliminated fears about supply security. In an average heating year, Frankfurt will experience a total of around 2,161 heating degree days between July 1 and June 30. Related columns:- Europe's record gas stocks start to pressure prices (November 7, 2023)- Europe’s gas stocks at record high going into winter 2023/24 (October 6, 2023)John Kemp is a Reuters market analyst.
Persons: Annegret, John Kemp, Marguerita Choy Organizations: VNG AG, REUTERS, European Union, Britain, Gas Infrastructure, Thomson, Reuters Locations: Bad Lauchstaedt, Germany, Chartbook, Europe, GIE, Ukraine, Northwest Europe, Frankfurt, EU, Russia, Asia
☆ German inflation to stay in double digits despite gas price brake, Bundesbank says
  + stars: | 2022-11-23 | by ( ) www.reuters.com   time to read: +2 min
REUTERS/Annegret HilseFRANKFURT, Nov 23 (Reuters) - Inflation in Germany may well remain in double digits into next year despite the government's efforts to curb energy prices, the Bundesbank said on Wednesday. But the Bundesbank said the effect of this so called "brake" on gas prices may not become immediately visible, and would only be temporary anyway. "The inflation rate could stay in double digits also beyond the turn of the year," the German central bank said in its monthly report. "As soon as the gas and electricity price brakes expire, the effect on the inflation rate will reverse," the Bundesbank said. "This could reduce the extent of second-round effects on the inflation rate, especially in the medium-term, and help ensure that the current high inflation rates do not further solidify."
☆ Germany's EnBW says Sefe settlement cuts negative impact on profit
  + stars: | 2022-10-10 | by ( Ludwig Burger | ) www.reuters.com   time to read: +3 min
A general view of pipelines on the gas storage facility at the gas trading company VNG AG in Bad Lauchstaedt, Germany July 28, 2022. The negative earnings impact for 2022 will likely be below 1.3 billion euros ($1.3 billion), an upper limit mentioned in its second-quarter report, but above 545 million euros, EnBW said in a statement on Monday. EnBW's VNG (VNG.UL) relies on Sefe for 65 terawatt hours (TWh) of gas supplies, accounting for much of its gas procurement needs. As a result of this, Germany's largest gas importers - Uniper (UN01.DE), Sefe and VNG - have either been bailed out or requested state aid to stay afloat. More specific effects on EnBW's finances and cash flows depend on further talks with the German government, the utility added.
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