Free Trial
EGB OPTIONS

Bobl 1x2 Put Spread Adding

US EURODLR FUTURES

BLOCK, June'23 Quarterly Sale

EGB OPTIONS

Bund Call Spread Buyer

Real-time Actionable Insight

Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.

Free Access

Germany Prepares For Nord Stream 1 Maintenance

NATURAL GAS

Germany is preparing emergency measures for the Nord Stream 1 maintenance period June 11-21 according to reports.

  • Legislation is being developed which is expected to be passed by parliament on July 8 with the aim to impose a levy on all gas consumers to help suppliers deal with soaring costs.
  • German officials are concerned that Nord Stream 1 pipeline maintenance may drag on longer than anticipated, adding further pressure on the country to secure supplies.
  • The levy will make gas more expensive for everyone instead of the burden falling only on certain households based on who their gas supplier is.
  • This week, German utility Uniper was forced to begin bailout talks with the German government as sourcing alternative gas supplies has become cost prohibitive.
124 words

To read the full story

Why Subscribe to

MarketNews.com

MNI is the leading provider

of news and intelligence specifically for the Global Foreign Exchange and Fixed Income Markets, providing timely, relevant, and critical insight for market professionals and those who want to make informed investment decisions. We offer not simply news, but news analysis, linking breaking news to the effects on capital markets. Our exclusive information and intelligence moves markets.

Our credibility

for delivering mission-critical information has been built over three decades. The quality and experience of MNI's team of analysts and reporters across America, Asia and Europe truly sets us apart. Our Markets team includes former fixed-income specialists, currency traders, economists and strategists, who are able to combine expertise on macro economics, financial markets, and political risk to give a comprehensive and holistic insight on global markets.

Germany is preparing emergency measures for the Nord Stream 1 maintenance period June 11-21 according to reports.

  • Legislation is being developed which is expected to be passed by parliament on July 8 with the aim to impose a levy on all gas consumers to help suppliers deal with soaring costs.
  • German officials are concerned that Nord Stream 1 pipeline maintenance may drag on longer than anticipated, adding further pressure on the country to secure supplies.
  • The levy will make gas more expensive for everyone instead of the burden falling only on certain households based on who their gas supplier is.
  • This week, German utility Uniper was forced to begin bailout talks with the German government as sourcing alternative gas supplies has become cost prohibitive.