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of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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Free AccessGermany Prepared for Russian Gas Halt says Scholz
Germany’s chancellor Olaf Scholz said in a statement on Saturday that they are prepared if Russia gas supplies do not resume.
- Germany has prepared “for Russia to largely cut off gas supplies because of the war against Ukraine,” he said.
- “We saved gas. We are once again using the production capabilities of coal-fired power plants. At the beginning of next year we will have the opportunity to use the remaining southern German nuclear power plants if that is necessary,” the chancellor said.
- Germany is in the process is securing five new floating LNG terminals on the north German coast with the aim for at least two to be operational this winter.
- Last week one of Germany’s nuclear power plant operators cast doubt over the use of the plant as energy back up saying it “is technically not doable and therefore not suitable as a means to secure the supply share of these plants”
To read the full story
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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.