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☆ Chinese investments in German semiconductor industry face higher hurdles - econ minister
▼ + stars: | 2022-11-08 | by ( ) www.reuters.com time to read: 1 min

BERLIN, Nov 8 (Reuters) - Chinese investments in Germany's semiconductor industry face higher hurdles, said German Economy Ministry Robert Habeck on Tuesday, adding that this also applies to a planned takeover of Elmos' (ELGG.DE) chip factory. Reporting by Markus Wacket, Writing by Miranda Murray, Editing by Rachel MoreOur Standards: The Thomson Reuters Trust Principles.

A pressure gauge is seen at the landfall facility of the Baltic Sea gas pipeline Nord Stream 2 in Lubmin, Germany, September 19, 2022. "Overnight the Nord Stream 2 landfall dispatcher registered a rapid gas pressure drop on Line A of the Nord Stream 2 natural gas pipeline," Nord Stream 2's operator said in a statement. European countries have resisted Russian calls to allow the Nord Stream 2 pipeline to operate and accused Moscow of using energy as a weapon. Gazprom (GAZP.MM) referred questions about the incident to the Nord Stream 2 operator. Russia has cut off gas supplies to several countries and also halted flows through the Nord Stream 1 pipeline, blaming Western sanctions for hindering operations.

Industrial facilities of the PCK oil refinery are pictured in Schwedt/Oder, Germany, May 9, 2022. REUTERS/Hannibal HanschkeWARSAW/BERLIN, Sept 22 (Reuters) - Poland will only help supply oil to Germany's PCK Schwedt refinery if Russia's Rosneft (ROSN.MM) is completely removed as a shareholder, Poland's climate ministry said, raising pressure on Germany to completely nationalise the refiner. Germany took control of the Schwedt refinery, which was majority owned by Rosneft Deutschland, last Friday as Berlin strives to shore up energy supplies. It put Rosneft Deutschland under a trusteeship of the German industry regulator but Rosneft still holds 54% of the company's shares. The Schwedt refinery previously received most of its crude from Russia and Berlin is now looking to other countries to supply Schwedt.

☆ Germany reaches provisional agreement on Uniper nationalization - Bloomberg
▼ + stars: | 2022-09-20 | by ( ) www.reuters.com time to read: +1 min

Register now for FREE unlimited access to Reuters.com RegisterThe logo of German energy utility company Uniper SE is pictured in the company's headquarters in Duesseldorf, Germany, March 10, 2020. REUTERS/Thilo SchmuelgenCompanies Uniper SE FollowFortum Oyj FollowBERLIN, Sept 20 (Reuters) - Germany has reached a provisional agreement with Uniper (UN01.DE) and its Finnish parent, Fortum (FORTUM.HE), about nationalizing the ailing German gas importer, Bloomberg reported on Tuesday, citing sources familiar with the situation. The German government aims to make an announcement regarding the agreement this week although contracts have not yet been signed, according to the report. Register now for FREE unlimited access to Reuters.com RegisterFortum also did not comment on the report while Uniper was not immediately available for comment. Register now for FREE unlimited access to Reuters.com RegisterReporting by Tom Kaeckenhoff, Christoph Steitz, Riham Alkousaa, Writing by Miranda Murray, Editing by Rachel MoreOur Standards: The Thomson Reuters Trust Principles.

☆ Germany in focused talks with Uniper on further state aid - economy ministry
▼ + stars: | 2022-09-19 | by ( ) www.reuters.com time to read: +1 min

Register now for FREE unlimited access to Reuters.com RegisterThe logo of German energy utility company Uniper SE is pictured in the company's headquarters in Duesseldorf, Germany, March 10, 2020. REUTERS/Thilo SchmuelgenBERLIN, Sept 19 (Reuters) - Talks with ailing gas importer Uniper (UN01.DE) cannot be drawn out forever, said a German economy ministry spokesperson on Monday, adding that "focused" discussions on aid are ongoing. The spokesperson added that it was unclear whether companies taken over by the state could receive funds from a gas levy that will be imposed on consumers from Oct. 1. Energy companies that qualify for the funds from the levy will not receive them, however, before Nov. 1, said the spokesperson. Register now for FREE unlimited access to Reuters.com RegisterReporting by Andreas Rinke, Writing by Rachel More and Miranda Murray, Editing by Andrew CawthorneOur Standards: The Thomson Reuters Trust Principles.

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