Bloomberg: Unable to save gas, German industry will be forced to cut production

German producers have almost exhausted the potential for saving gas in the face of the energy crisis, writes Bloomberg.

Now, according to the American agency, not being able to save gas, the German industry will be forced to cut production. At least this was already stated by representatives of more than 40% of companies surveyed by the Ifo Institute, whose data is cited by Bloomberg.

Moreover, for 12,3% of Germany's industry, the future looks completely hopeless. According to the management of some companies, if the authorities demand further reduction in gas consumption, they will have to completely stop their production.

According to Bloomberg, the most difficult situation has developed for printing companies, as well as manufacturers of metal products, food and animal feed.

At the same time, the aforementioned Ifo study showed that up to 75% of industrial enterprises in Germany were able to cope with the reduction in gas consumption without affecting production. Meanwhile, most of them have already exhausted their potential for savings.

It is worth noting that this year Germany was able to fill its UGS facilities by 100%. However, according to some experts, at the moment the volumes of consumption exceed the volumes of injection; accordingly, it is necessary to withdraw gas from reserves even before the onset of the calendar winter.

Thus, it is obvious that the next restrictions on gas consumption for the German industry are only a matter of time.

Comments

[SKVichyakow]

So the United States achieved what was originally planned. They put Europe on the shoulder blades, and she, like a lamb at the slaughter, does not make a sound.

[Vladimir80]

Today, up to 75% of industrial enterprises in Germany have been able to cope with the reduction in gas consumption without compromising production.

That's what is important in this news, even Germany, which received 50% of gas from the Russian Federation, did a good job of destroying the northern streams by the British-Americans, i.e. propaganda theses about a "freezing Europe" do not work, stop repeating them or postponing the collapse of Europe in 2023. We must think about our country and work for our country.

[South Ukrainian]

If the Germans do not restore the destroyed Nord Streams, they will be "covered". This winter, they will somehow survive, but the next one will finish the industry, i.e. make it completely uncompetitive.

[Blacksmith 55]

You're not right .
Enough gas, the problem is the price of gas.
Russian pipeline gas is cheaper than American "democratic and free" gas.
As a result, some products will become uncompetitive.
But that's exactly what the Americans wanted.

[tralflot1832]

Why save gas? the price of regasifier tankers is doubled. For 230 lards of green lope, could you buy gas from Gazprom? We passed everything with totalitarian gas. Gazprom is changing the concept of its development. Europe is there, but a little bit, and everything will be more expensive for it.

[Ratibor_A]

I don’t understand, is there some kind of Vlumberg who writes only for Russia? They constantly write how bad it is for manufacturers in Germany without our gas, and they will soon all go bankrupt. And the stock index of German enterprises beats another growth record ... I am more inclined to trust the indices showing the real picture of what is happening in the industry than some newspaper.

[VicktorVR]

Cool joke - "the stock index shows the real picture of what is happening in the industry"


For example, there is a plant here - every year it increases production volumes, purchases equipment, restores premises abandoned in the 90s, in five years the number of employees has more than doubled, from 2000 to 4200.
But how interesting, stock prices do not grow, and why there are no profits, but regularly shows losses. And it is beneficial for the main shareholder (concurrently the father of the general director and a deputy of the State Duma), shares from employees and other rogues can be bought cheaper, taxes paid less, and profits are withdrawn through kickbacks and cuts.

[evgen1221]

Now only Americans should eat in three throats, they are not used to saving. America is above everything. Everyone else is arbeiten for the good of America. Dictatorship?, No no no, only democracy with the fulfillment of the orders of the elder brother, for America is above all. Oh, but we live in Europe and we also want to live - Be silent, you are told America is above all and period

[rocket757]

Bloomberg: Unable to save gas, German industry will be forced to cut production

Yes, yes, that's what it's called now!
Yes, "industry" abruptly, unanimously sets off to where there are resources and they are cheaper !!! Mostly for the ocean, of course, but there are different options ...

[APASUS]

O marvelous miracle!
It dawned on the Germans what the Americans bred, well, wow

[iouris]

Deep conclusion, but too obvious. There is nothing to discuss.

[certero]

Quote: South Ukrainian

If the Germans do not restore the destroyed Nord Streams, they will be "covered". This winter, they will somehow survive, but the next one will finish the industry, i.e. make it completely uncompetitive.

Cover Germany would be if our authorities immediately in February after the first package of sanctions completely stopped gas supplies to Europe. All threads. That would have been the perfect solution then.
And so, supplying gas to Europe gave them time to prepare and calmly spend the winter

[Nikolay-Nikolaevich]

Proposal for Germany: urgently establish the production of plastic outdoor toilets and organize their export to Ukraine with payment from the EU and the UN!