Energy Prices Trigger Deindustrialization In Germany

OilPrice.com | Aug 19, 2022 at 11:30 AM
  • German factories are struggling to cope with soaring energy costs, which may prompt many to leave the country for a cheaper location, Bloomberg has reported, citing industry sources.
  • German companies have also been warning that some of them might have to shut down if prices remain high or keep rising.
  • It will also have zero effect on price trends as the LNG bill has been much higher than Germany’s usual pipeline gas bill.