Germany Energy Market Overview

December 2008
Germany Oil & Gas Report;Q4 2008, p9
Industry Profile
The article presents an overview on the energy market in Germany. The country is the biggest energy consumer and importer, due to its limited oil and natural gas resources. Despite owning 7% of coal reserves in the world, a strong environmental movement leads to reduce its coal consumption, and depending on important natural gas. According to Germany's Renewable Energy Sources Act, the country aims to increase the share of electric power sourced from renewables to 12.5% by 2010 and 20% by 2020.


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