March 12, 2019 / 10:01 AM / 2 months ago

Germany's oil, gas output falls 3 percent in 2018

    FRANKFURT, March 12 (Reuters) - Germany produced 10.3
million tonnes of oil and 26.1 billion cubic metres (bcm) of gas
in 2018, both down 3 percent year-on-year, industry association
BVEG data showed on Tuesday.
    Producers of hydrocarbons in Germany include DEA, Neptune
Energy, Vermilion Energy, Wintershall and a joint
venture of ExxonMobil and Royal Dutch Shell.
    Member firms of BVEG, which is based in Hanover, had
turnover of 1.7 billion euros ($1.91 billion) in Germany last
year, the same as a year earlier, it said in its annual report.
    German production accounted for about 7.2 percent of
domestic gas needs last year, the report showed. 
    BVEG Managing Director Ludwig Moehring said there was
potential to produce more gas from domestic reserves to fill the
gap as Germany phases out coal-fired power stations and shifts
to renewables.
    Germany has 21.4 billion cubic metres of underground gas
storage capacity, roughly a quarter of total supply to the
market which was 86 bcm last year.
    
 Gas production                    2018          2017
          Gas production       26.1 bcm      26.9 bcm
     of which indigenous        6.3 bcm       7.3 bcm
                  abroad       19.8 bcm      19.6 bcm
 Oil production              10.3 mln T      10 mln T
            - indigenous      2.1 mln T     2.2 mln T
                - abroad      8.2 mln T     7.8 mln T
 Exploration taxes paid       261 mln €     255 mln €
 Domestic reserves                       
 Estimated gas reserves*       50.3 bcm      58.9 bcm
 Estimated oil reserves*     29.0 mln T    28.3 mln T
 Employees                        8,291         8,385
 * secure and probable reserves numbers combined
    
    ($1 = 0.8882 euros)

 (Reporting by Vera Eckert
Editing by Edmund Blair)
  
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below