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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

06 Aug 20
Germany: RWE and Bosch sign long-term solar power purchase agreement
RWE Supply & Trading will provide Bosch with solar power. The total capacity amounts to 50 megawatts. The company will source the power from several new farms in southern Germany developed by RWE and other providers.
02 Jul 20
Germany: RWE closes deal with E.ON
The final step of one of the largest transactions in German industrial history, the major asset swap between RWE and E.ON is finally completed, as RWE takes over the innogy activities. As a result the wind, solar and hydropower businesses as well as the biomass, biogas and gas storage activities are transferred to RWE.
17 May 20
Germany: TRIG completes investment in Merkur offshore wind farm in Germany
he Renewables Infrastructure Group (TRIG) has completed the acquisition of a c.36% equity interest in Merkur, the 396MW operational offshore wind farm in the German North Sea.
22 Apr 20
Germany: Neptune Energy makes gas and oil discoveries in Germany
Neptune Energy has announced two important hydrocarbon discoveries in northwestern Germany. Initial results were positive following successful drilling of the Adorf Z15 gas well and the Ringe 6 oil well.
05 Apr 20
Germany: innogy takes final investment decision for the 342 MW Kaskasi wind farm offshore Germany
innogy has taken the final investment decision (FID) for the construction of the 342 megawatt (MW)Kaskasi wind farm, which is located 35 kms north of the island of Heligoland. Offshore construction works to start in Q3/2021.

Germany - more news

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