Last year at this time, RWE, one of Germany’s largest power producers, announced a surprise annual loss for 2015 and scrapped its dividend for the first time in decades. 205 more words
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“We want to deepen and diversify our gas supplies. There is a great opportunity for German companies for working together in a wide range of areas, including energy, infrastructure and many other sectors” declared Mathias Machnig, German Deputy Minister of Economic Affairs and Energy during his visiting of the Qatar-German business forum, related to the recent new LNG agreement signed between Qatar and RWE, a German electricity company which is expected to start importing Qatari gas from 2018. 35 more words
German Federal Constitutional Court rules parts of 13th amendment to Nuclear Energy Act as unconstitutional
In its decision today, the German Federal Constitutional Court determined that the constitutional complaint filed by RWE Power AG against the 13th amendment to the German Nuclear Energy Act was partly justified and that the amendment was unconstitutional with regard to certain aspects of the legislation. 450 more words
RWE’s contract in Gulf of Suez concession ends in July 2017; with no request for renewal.
The Ministry of Petroleum owes its German partner RWE $400m in dues in exchange for its stake in oil and gas from concession areas. 319 more words