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Summary | Profile

Country profile: Germany

Location: Central Europe, bordering the Baltic Sea and the North Sea, between the Netherlands and Poland, south of Denmark
Climate: temperate and marine; cool, cloudy, wet winters and summers; occasional warm mountain (foehn) wind
Terrain: lowlands in north, uplands in center, Bavarian Alps in south
Size: 357021 sq. km total (Land area: 349223 sq. km  Water area: 7798 sq.km)
Population: 82,369,548 (July 2008 est.)
Languages: German
Government: federal republic
Capital city: Berlin
Legal system: civil law system with indigenous concepts; judicial review of legislative acts in the Federal Constitutional Court; has not accepted compulsory ICJ jurisdiction
Currency: euro (EUR)
Licensing:

Country profile

Germany has one of the largest economies in the world, with a 2005 nominal gross domestic product (GDP) of $2.8 trillion. In recent years, economic growth has resumed, after GDP contracted by 0.2 percent in 2003. However, high unemployment and sluggish domestic demand continue to dampen economic growth. Owning to its large economy, Germany is one of the world’s largest energy consumers. In 2004, the country consumed 14.7 quadrillion British Thermal Units (Btu) of total energy, the fifth-largest amount in the world.

Besides coal, Germany does not possess any sizable hydrocarbon reserves, so the country must rely upon imports to meet the majority of its energy needs. The lack of domestic hydrocarbon resources has led Germany to become a world leader in the development of renewable energy technologies, with the country becoming the world’s largest producer of biodiesel and generator of electricity from wind.

As Europe's largest economy and second most populous nation, Germany is a key member of the continent's economic, political, and defense organizations. European power struggles immersed Germany in two devastating World Wars in the first half of the 20th century and left the country occupied by the victorious Allied powers of the US, UK, France, and the Soviet Union in 1945. With the advent of the Cold War, two German states were formed in 1949: the western Federal Republic of Germany (FRG) and the eastern German Democratic Republic (GDR).

The democratic FRG embedded itself in key Western economic and security organizations, the EC, which became the EU, and NATO, while the Communist GDR was on the front line of the Soviet-led Warsaw Pact. The decline of the USSR and the end of the Cold War allowed for German unification in 1990. Since then, Germany has expended considerable funds to bring Eastern productivity and wages up to Western standards. In January 1999, Germany and 10 other EU countries introduced a common European exchange currency, the euro.

 

Energy production and consumption


Oil Gas
Production: 141,700 bbl/day (2005) 19 billion cu m (2005 est.)
Consumption: 2 million bbl/day (2005 est.) 96 billion cu m (2005 est.)
Exports: 518,700 bbl/day (2004) 9 billion cu m (2005 est.)
Imports: 2 million bbl/day (2004) 86 billion cu m (2005 est.)
Reserves: 367 million bbl (1 January 2006 est.) 246 billion cu m (1 January 2006 est.)
Major fields:



Germany - recent news

14 Feb 24
Germany: RWE modernises wind farms in Salzgitter and Peine district
RWE is modernising wind farms in Salzgitter and Peine district of Germany. RWE and its partner companies will be working on two wind farms to dismantle 17 older wind turbines and replace them with 11 new, more powerful ones. By repowering the wind farms in this way, RWE can significantly increase electricity production despite using fewer turbines.
12 Feb 24
Germany: Beacon Energy announces Erfelden operational update
AIM-listed Beacon Energy, the full-cycle oil and gas company with a portfolio of onshore German assets through its wholly-owned subsidiary, Rhein Petroleum, has announced an operational update on the Schwarzbach-2 ('SCHB-2') well in the Erfelden field.
01 Feb 24
North Star breaks into European offshore wind market with newbuild ship bound for EnBW’s He Dreiht wind farm
North Star has secured a contract with energy utility giant EnBW to deliver a new hybrid-electric service operations vessel (SOV) on a decade-long minimum charter to service the He Dreiht wind farm off the coast of Germany. The agreement marks the firm’s first offshore wind win outside the UK market, a milestone step in its ambitious European growth strategy to add 40 new SOVs to its fleet by 2040.
29 Jan 24
Germany: Beacon Energy provides production update on the Erfelden field
AIM-listed Beacon Energy, the full-cycle oil and gas company with a portfolio of onshore German assets through its wholly-owned subsidiary, Rhein Petroleum, has announced an operational update on the Schwarzbach-2 ('SCHB-2') well in the Erfelden field.
24 Jan 24
Germany: TotalEnergies acquires Kyon Energy, a leading German battery storage developer
As part of its development as an integrated power player in Germany, TotalEnergies has signed an agreement to acquire the entire share capital of Kyon Energy, one of the leading developers of battery storage systems in the country. The consideration consists of a €90 million upfront payment, plus some earn out payments linked to the achievement of development targets.

Germany - more news

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