GERMANY-FRANKFURT-MARKETS-ENERGY PRICES

GERMANY-FRANKFURT-MARKETS-ENERGY PRICES

(220225) -- FRANKFURT, Feb. 25, 2022 (Xinhua) -- Photo taken on Feb. 25, 2022 shows diesel and gasoline prices displayed on a screen at a gas station in Frankfurt, Germany. Due to fears of supply disruption amid concern over the escalating Russia-Ukraine tension, crude oil and natural gas prices jumped to multi-year highs and were expected to plateau, if not soaring further. The spikes underpinned the outlook of higher inflation that had already dealt a blow to many households, while economists said central banks would find it difficult to contain. (Photo by Armando Babani/Xinhua)

  • Product Code
  • ILEA000932248
  • Registered date
  • 2022/2/26 00:00:00
  • Credit
  • Xinhua / Kyodo News Images
  • Media source
  • Xinhua News Agency.All Rights Reserved
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  • 5472 × 3648 pixel
  • Resolution
  • 200 dpi
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  • 3.44(MB)*
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                      Russia-Ukraine conflict worsens energy shortages in Germany

                      STORY: Russia-Ukraine conflict worsens energy shortages in Germany DATELINE: March 21, 2022 LENGTH: 00:01:44 LOCATION: Berlin CATEGORY: SOCIETY SHOTLIST: 1. STANDUP (English): HUANG YAN, Xinhua correspondent 2. SOUNDBITE (German): LUER, Retiree in Berlin STORYLINE: Oil prices in Europe have been surging since the start of the conflict in Ukraine amid fears that the European Union (EU) may ban the energy imports from Russia, a sign that the proposed embargo will inevitably backfire on its own economy. STANDUP (English): HUANG YAN, Xinhua correspondent "I'm now in Lubmin, a town in north Germany. This is a site of the Nord Stream 1 project. It imports natural gas from Russia. The project was completed in 2011 and ever since then has become the vital energy provider for Germany. As the conflict between Russia and Ukraine continues, the Western countries have been imposing sanctions against Russia, including energy export. But the German government has made it clear that it won't ban the energy import from Ru