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Germany imposes gas surcharge, chemical industry could suffer losses

 Last Update: 2022-09-01
 Source: Internet
 Author: User

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On August 18, Russia's Gazprom (Gazprom) said on the 16th that European natural gas prices may soar 60% this winter to reach $4,000 per thousand cubic meters (about $4,000 per thousand cubic meters) due to the company's continued decline in exports and production due to Western sanctions.

In order to rescue German energy companies that are buying natural gas at super-high prices, the German government will impose a gas surcharge of 2.

The German Chemical Industry Association (VCI) immediately said that it is estimated that the introduction of natural gas surcharges will cost the country's chemical and pharmaceutical industry more than 3 billion euros a year

According to the German Glass Association, each factory in the glass industry will face a loss of 50 million euros if Russia stops supplying natural gas

According to VCI data, the chemical industry accounts for about 15% of Germany's natural gas consumption, using about 2.

The VCI warns that many companies are on the brink of collapse due to the multiple burdens of high gas and electricity prices, as well as expensive raw material costs

VCI Director General Wolfgang Gross Entrup said that while the chemical industry recognized the need for the tax, it was concerned about its impact

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