MIAMI AND TORONTO–(BUSINESS WIRE)–March 16, 2022–

XTM, Inc. (“XTM” or the “Company” ) (QB:XTMIF / CSE:PAID / FSE:7XT), a Miami and Toronto-based Fintech company in the neo-banking space, providing mobile banking and payment solutions worldwide, is pleased to announce the deployment of Apple Pay and Google Pay for users of the US Today program.

This press release is multimedia. Read the full press release here: https://www.businesswire.com/news/home/20220316005603/en/

XTM launches Apple and Google Pay on its US Today digital payment solution (Photo: Business Wire)

Apple Pay and Google Pay allow all Today Card holders to use their Apple or Android devices to make point-of-sale (“POS”) payments. At checkout, the merchant invites the customer to hold their activated device near the merchant’s payment terminal or reader and the payment will be made securely using NFC technology. Apple says Apple Pay is already accepted at more than 90% of US retailers.

As previously announced, XTM has worked diligently on rolling out over 100,000 mobile wallets and by adding Apple Pay and Google Pay to the Today program, it will not only improve the offering with more convenience, but it will boost POS spending and will allow XTM to increase its interchange revenue percentage when calculated as a percentage of gross dollar value (“GDV”).

“We have two main priorities – our customers and our shareholders – critical to our success,” said Marilyn Schaffer, CEO of XTM. “Providing the best customer experience and offering convenient and secure payment options to all Today program members addresses both priorities, driving happy customers and higher revenue.”

About XTM

XTM, www.xtminc.com, is a Miami and Toronto-based fintech innovator in the neo-banking space, helping businesses and service workers in the hospitality and personal care space to spread and access salaries and rewards earned. XTM’s Today solution, consisting of a free mobile app and a Visa or Mastercard debit card with free banking features, is used by thousands of restaurants, salons and employees in Canada and the United States. United. XTM is a global card issuer and real-time payment specialist. Our technology is used free of charge by restaurants, salons and service personnel to automate and accelerate access to earned salary and gratuities, increasing time and attendance and removing money from ecosystems. XTM’s Today solution improves operational efficiency and delivers a tailored user experience designed specifically for service workers.

This press release contains “forward-looking information” and “forward-looking statements” within the meaning of applicable securities laws (the “forward-looking statements”), within the meaning of applicable Canadian securities laws, including the expected performance of XTM, the expectation that companies that XTM does business with or has committed to do business with will do so within the expected timeframe, the continued trend towards electronic payment methods, that integrations will entice new business owners to use the Today program, and XTM’s terms and conditions and earnings. Forward-looking statements are statements that are not historical facts and are generally, although not always, identified by words such as “expect”, “plan”, “anticipate”, “project”, “target”. , “potential”, “schedule”. “, “expect”, “budget”, “estimate”, “intend” or “believe” and similar expressions or their negative connotations, or that events or conditions “will”, “would”, “could”, “could”, “should” or “could” happen. Although XTM can do its best to estimate when businesses will reopen or return to pre-Covid 19 levels of activity, there is no guarantee that this will happen. will occur within the time frame anticipated by the Company or as may be appropriate. All such forward-looking statements are based on the opinions and estimates of management as of the date such statements are made. Such forward-looking statements are made as of the date of this release. Readers are cautioned not to place undue reliance on forward-looking statements, as there can be no assurance that the future circumstances, results or results anticipated or implied by such forward-looking statements will occur or that the plans, intentions or expectations regarding the on which the forward-looking statements are based will occur.

CSE has not approved or disapproved of the contents of this press release, and CSE accepts no responsibility for the adequacy or accuracy of this release.

See the source version on businesswire.com: https://www.businesswire.com/news/home/20220316005603/en/

CONTACT: For more information, please see:

xtminc.com

or contact:

Marilyn Schaffer

416.260.1641

[email protected]

KEYWORD: UNITED STATES NORTH AMERICA CANADA FLORIDA

KEYWORD INDUSTRY: MOBILE/WIRELESS TECHNOLOGY RETAIL OTHER BUSINESS SERVICES TRAVEL FINANCING BANKING RESTAURANT/BAR PROFESSIONAL SERVICES OTHER TECHNOLOGY OTHER BUSINESS SOFTWARE DATA MANAGEMENT SECURITY

SOURCE: XTM, Inc.

Copyright BusinessWire 2022.

PUBLICATION: 03/16/2022 08:30 / DISK: 03/16/2022 08:32

http://www.businesswire.com/news/home/20220316005603/en

Copyright BusinessWire 2022.

New Jersey, United States,- the 5G in the healthcare market is carefully analyzed in the report with a focus on market dynamics including key issues and challenges, drivers, trends, and opportunities. The report includes an in-depth analysis of key market players to understand the use of key strategies adopted in the 5G in Healthcare market. It also sheds light on the industrial value chain and its expected changes over the forecast period. Analysts have offered complete and accurate research on price, sales, and cost in 5G in Healthcare market and its development in the coming years. The research study has been prepared using the latest primary and secondary research methods.

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The report includes comprehensive company profiles of some of the largest and most popular names in the 5G healthcare market. Each player analyzed by the authors of the 5G in Healthcare report is studied in-depth on the basis of markets served, gross margin, production rate, product portfolio, market share, applications, and market share. other factors. The competitive landscape of the 5G in Healthcare market is thoroughly analyzed with emphasis on the nature of market competition and future changes related to market competition. The effects of economic conditions, regulatory changes, changes in customer behavior and purchasing habits on the competitive landscape are also analyzed in detail.

Key Players Mentioned in the 5G in Healthcare Market Research Report:

Capsule Technologies, Ericsson, Huawei Technologies, Intel Corp, Samsung Electronics, AT&T, Verizon

5G in Healthcare Market Segmentation:

By Product Type, the market is primarily split into:

• Data transmission
• Portable devices
• Remote diagnosis
• Remote monitoring
• Telerobotic surgery
• Others

By application, this report covers the following segments:

• Hospitals
• Ambulatory surgery centers
• Other

Each segment of the 5G in Healthcare market has been discussed in detail in the report, majorly focusing on the market share, revenue, volume, future growth forecast, and other critical factors. Segmental analysis helps players to be aware of untapped revenue streams and explore new opportunities in the 5G in Healthcare market. Likewise, the report covers major regional markets including North America, Asia-Pacific, Europe, Latin America, and MEA. Here, the regions are thoroughly analyzed to show their growth in the 5G in Healthcare market. Additionally, the report provides regional market growth and CAGR forecasts for all the years of the forecast period.

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Scope of the 5G in Healthcare Market Report

Geographic segment covered in the report:

The 5G in Healthcare report provides information on the market area, which is sub-divided into sub-regions and countries/regions. In addition to the market share in each country and sub-region, this chapter of this report also contains information on profit opportunities. This chapter of the report mentions the market share and growth rate of each region, country and sub-region over the estimated period.

• North America (USA and Canada)
• Europe (UK, Germany, France and rest of Europe)
• Asia-Pacific (China, Japan, India and the rest of the Asia-Pacific region)
• Latin America (Brazil, Mexico and rest of Latin America)
• Middle East and Africa (GCC and Rest of Middle East and Africa)

Answers to key questions in the report:

1. Who are the top five players in the 5G healthcare market?

2. How will the 5G healthcare market evolve over the next five years?

3. Which products and applications will capture the lion’s share of the 5G healthcare market?

4. What are the 5G in healthcare market drivers and restraints?

5. Which regional market will show the strongest growth?

6. What will be the CAGR and market size of 5G in Healthcare through the forecast period?

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From internet scams to unauthorized transactions, scammers are taking advantage of these trying times to mislead and deceive consumers, according to New York Attorney General Letitia James.

Consumers need to be vigilant and guard against fraud.

Below are some of the top consumer complaints and tips for avoiding these scams:

INTERNET-RELATED

These include: internet services and service providers, data privacy and security, digital media, data breaches and internet manipulation fraud.

Below are tips for avoiding some of these scams:

RETAIL SALES

These include price gouging, faulty merchandise, poor customer service, pet stores and animal breeders.

COVID-19 testing facilities that advertise turnaround times for test results are required to accurately state how long it will take consumers to receive their test results. Any consumer who believes that a lab or other testing facility is making misleading claims about their time to get test results should report it to their state attorney general’s office.

CAR

These include: Sales, Service, Financing, Repairs.

Beware of deceptive sales tactics when buying or leasing a car. Prices for new and used automobiles continue to climb, driven by factors such as strong demand and global shortages of semiconductors, which are an essential component of new automobiles. Never sign any documents or leave the dealership with a car until you have carefully reviewed all of your documents. Don’t sign a blank document that doesn’t have any numbers or words filled in.

CREDIT

These include: debt collection, credit card billing, debt settlement and relief, payday loans, credit repair, credit reporting agencies, identity theft .

Consumers facing debt collection now have additional protections under federal and state laws.

UTILITIES

These include cordless and residential telephones, energy repairers and suppliers, cable and satellite.

HOME REPAIR/UPGRADE

These include: Repair problems, misleading contractors.

Before entering into a contract, shop around for estimates, check with the Better Business Bureau, vendors and neighbors for references.

Know your rights: You have three days after signing a renovation contract to terminate it.

“Large Scale Storage Virtualization Market Research Report by Syndicate Market Research”

The Storage Virtualization research report is a specialized and detailed analysis of the current status of the global Storage Virtualization market with a focus on the regional market. Critical data on the state of the Storage Virtualization market is covered in this report and is also a valuable resource for guidance and guidance for individuals and companies interested in the industry.

Global Storage Virtualization Market Report Overview:

The report offers a basic summary of the Storage Virtualization market including its definition, classifications and applications, as well as key regional and international players HP, BlueArc Corporation, Microsoft Corporation, Citrix Systems Inc., Coraid, Hitachi Data System , Vmware Inc., IBM Corporation, Oracle Corporation, EMC Corporation in the storage virtualization market as a whole. Here the report represents the company profile, capacity, product specification, market share and production value of each company.

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Diverse ranking:

Major regions North America (United States, Canada, Rest of North America), Europe (United Kingdom, Germany, France, Italy, Spain, Rest of Europe), Asia-Pacific (China, Japan , India, Southeast Asia, Rest of Asia Pacific), Latin America (Brazil, Argentina, Rest of Latin America), Middle East and Africa (GCC countries, South Africa, Rest of Middle East and Africa) in Storage Virtualization, the market which has growth scope and a number of avenues and the Key patterns impacting the growth of the global Storage Virtualization market have been discussed in this report.

Storage Virtualization Market Highlights:

• CAGR of the Storage Virtualization Market over the forecast period 2020-2026.
• Accurate information on the factors that will contribute to the growth of the market over the next six years.
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• Prospects of market size and its contribution to the parent market.
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This analysis involves the large-scale use of primary and secondary data resources. The study process includes analysis of a number of factors impacting the Storage Virtualization market, involving market environment, government policy, historical data, competitive landscape, existing trends of the market, upcoming technologies, technological innovation, technical advancements in the related industry, and opportunities. , market risks, market barriers and challenges.

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Classification of segments:

The objective of the report is to define the Storage Virtualization market size of various segments [ Product Types: On-premise, Cloud; Manipulation as per user demand: IT and Telecommunication, Automotive, Government, Healthcare, Others ] and countries in recent years and also to estimate the values ​​for the forecast period. The Storage Virtualization report is intended to include both quantitative and qualitative information facets of the storage virtualization market pertaining to each country and region involved in the analysis.

What else in the report?

Additionally, the report also lends detailed data about the vital aspects such as restraining and driving factors which will delimit the future growth of the Storage Virtualization market. Finally, it will also include the opportunities offered in the micro markets for shareholders to invest, a comprehensive study of product offerings, and the competitive landscape of prominent players.

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The Automated Storage and Retrieval System (Asrs) market report contains a detailed focused scene in which the major players (Dematic GmbH & Co. Kg, SSI Schaefer Group, Vanderlande Industries BV, Daifuku Co. Ltd, Mecalux SA, Bastian Solutions Inc., Knapp AG, Beumer Group, System Logistics Corporaton, Murata Machinery Ltd., Kardex Group, Swisslog Holding AG, TGW Logistics Group GmbH) are profiled. Various companies engaged in the Automated Storage and Retrieval System (Asrs) are being studied. The Automated Storage and Retrieval System (Asrs) Market research report gives a global perspective. This can help the end consumer to make the right decision, which ultimately leads to the development of the Automated Storage and Retrieval System (Asrs) market. This brand new report covers the current impact of COVID-19 on the global market. The coronavirus (COVID-19) pandemics have affected every aspect of life around the world. This has led to many changes in market conditions. Initial and future assessments of the rapidly changing market landscape and impact are included in the report.

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Scope of Automated Storage and Retrieval System (Asrs) Market Report:

According to the study, the market is expected to grow at a CAGR of around xx% during the forecast period to hit xx million USD by 2026, to reach xx million USD in 2020.

The report gives a forward-looking viewpoint on different driving and limiting factors required for the development of the automated storage and retrieval systems (Asrs) market. It provides forecasts based on how the market is expected to develop. Their general review of the organization, key financials, major advancements, SWOT analysis, competitive analysis, growth, and strategies are studied and discussed in the Automated Storage and Retrieval System (Asrs) market report ).

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Some of the Following Key Market Player/Vendor Profiles are Covered in this Report:

Dematic GmbH & Co. Kg, SSI Schaefer Group, Vanderlande Industries BV, Daifuku Co. Ltd, Mecalux SA, Bastian Solutions Inc., Knapp AG, Beumer Group, System Logistics Corporaton, Murata Machinery Ltd., Kardex Group, Swisslog Holding AG, TGW Logistics Group GmbHamong others

(Note: Key market players of Automated Storage and Retrieval System (Asrs) Industry are examined in the report along with their Financial Analysis, SWOT Profile, Business Overview, Products & Services, Operations and their geographic locations.)

This report studies the Automated Storage and Retrieval System (Asrs) market based on its classifications. In addition to this, major regions (North America, Europe, Asia Pacific, Latin America, Middle East & Africa, etc.) are also studied via this report. This report offers a detailed examination of the market by studying the aggressive factors of the Automated Storage and Retrieval System (Asrs) market. It also helps to identify the main product sectors and their forecasts for the coming years.

Key region and countries:

• North America: United States, Canada and Mexico
• Europe: United Kingdom, Italy, Spain, Germany, France and rest of Europe
• Asia Pacific: India, Korea, China, Japan and Rest of Asia Pacific
• Latin America: Chile, Argentina, Brazil and Rest of Latin America
• Middle East and Africa: United Arab Emirates, South Africa, Saudi Arabia and Rest of Middle East and Africa

Global Market Segmentation by Product Type:

Unit load, mini load, vertical lifting module, carousel, medium load, automatic magazine

Global Industry Segmentation by Application:

Automotive, Chemicals, Aviation, Electronics & Semiconductor, E-Commerce, Food & Beverage, Healthcare, Metals & Heavy Machinery, Others

Competitive analysis:

The basis of the Automated Storage and Retrieval System (Asrs) market is also mentioned in the report which can enable consumers to apply primary techniques to gain a competitive edge. These in-depth, in-depth analyzes provide the necessary details with key insights and honest evolving analysis. It can be used to enhance current status and plan future expansion in particular section of the Automated Storage and Retrieval System (Asrs) Market.

Imperial regions are studied all over the globe and the types, drivers, development, restraints and challenges influencing the growth of the Automated Storage and Retrieval System (Asrs) market are considered over this essential geologies. Research on the impact of government strategies and policies on the Automated Storage and Retrieval System (Asrs) market processes has also been added to give a comprehensive summary of the future of the Automated Storage and Retrieval System market (Asrs).

Automated Storage and Retrieval System (Asrs) Market Historical Data (2016-2020):

• Industry Trends: Global Outlook and Revenues
• Competitive Landscape: Development Trends and Manufacturers Analysis
• Key Market Segment: Types, Applications and Regions
• Revenue: current market analysis, growth rate and market share

Automated Storage and Retrieval System (Asrs) Market Forecast (2021-2027):

• Market Size and Forecast: Global Market Size, Key Segment by Types, Applications and Regions
• Important data (revenue): market share and size, growth rate, growth and product sales price
• Key Players: Overview of Strategies, Services/Products Offered and Market Share

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An initial FERC investigation that found “abnormalities” during Winter Storm Uri in February 2021 may have been caused by natural gas market manipulation, Chairman Richard Glick said Thursday.

The Federal Energy Regulatory Commission is unable to investigate some aspects of the possible illegal activity because Texas’ main power grid, the Electric Reliability Council of Texas (ERCOT), operates 90% of the state and operates independently, Chairman Richard Glick said in Houston. He spoke at S&P Global’s 40th annual CERAWeek.

However, networks in other states, which did not have power outages during the killing freeze, reported potential manipulation by Texas power generators, Glick told the public.

[Want to know how global LNG demand impacts North American fundamentals? To find out, subscribe to LNG Insight.]

“We are investigating potential allegations of manipulation that may have occurred in jurisdictional electricity markets, and we have found anomalies,” he said. “These are under further investigation.”

Loss of power from natural gas electric generators in Texas made up most of the outages identified by FERC during an extreme cold investigation. The joint investigation with the North American Electric Reliability Corp. (NERC) determined that gas generators accounted for 58% of all unplanned outages, derates, or start failures.

Review of evidence

Probing a potential manipulation, however, will take time, Glick said. Regulators will act, however, if there was illegal activity.

“One thing I’ve tried to make clear during my presidency is that if wrongdoing happens, or if wrongdoing is alleged to happen, we’re going to go after it, and it certainly will in this situation,” said Glick. “It just takes a while to sift through all the evidence.”

The extreme weather event resulted in the largest manually controlled load shedding event in US history, according to FERC and NERC. During winter storm Uri, ERCOT ordered a total of 20,000 MW of power outages to prevent a complete grid collapse. More than 4.5 million people in Texas lost power, some for up to four days.

Uri “is a great example…of why you need a resilient power grid,” Glick said. “Most of the blackouts have happened in Texas. They didn’t happen in some of the surrounding states where they had similar weather conditions in Louisiana, Kansas, Oklahoma… And those states had minor outages. But as we’ve seen in Texas, we’ve seen multi-day outages. And a lot of it, we lost businesses, hundreds of millions of dollars.

“But worse, hundreds of people died in the United States of America. People died because they had no access to electricity. We have to do something about it. And the problem is that we know that across the country the weather is different across the country, but everywhere, whether it’s out West, with dry conditions and wildfires or hurricanes or tornadoes or obviously extremely cold weather.

Will there be another Uri-like event?

The nation must “act to make the grid more resilient,” Glick said, or “we’re going to see similar situations… What happened in Texas during winter storm Uri. And part of it was extremely cold, and a lot of power plants froze in. They weren’t weatherproof enough.
However, in other areas, “they haven’t lost as much power as Texas. And the reason they didn’t is because they were connected to the rest of the network. They actually had access to transmission so they could bring in electricity. For example, in the PJM interconnect, the network operator “did a great job of…sending the excess power it had” into neighboring networks to prevent massive outages.

“Texas because it’s its own grid, and I know it’s very Texas, and the people of Texas don’t want to be regulated by FERC. But we really have to find a way to make the grid Part of that is adding more transmission capacity so people can bring power when they need it in extreme conditions.

Some have said a problem in Texas is the lack of communication between ERCOT and customers, Glick said.

ERCOT leaders “did not necessarily have a plan and strategy to ensure that natural gas producing areas had access to electricity. So whether it was a generating facility or a processing facility, they were often losing power as well and they weren’t able to supply natural gas to the generating facilities , which only made the situation worse.

Anti-Gas? Not FERC, says Glick

At the conference, Glick also discussed recent policy changes at FERC, which require natural gas infrastructure proposals to be climate tested.

Gas pipelines and liquefied natural gas (LNG) export projects are subject to scrutiny and potential permit delays due to the reviews, which are the first in 30 years.

Since some recent gas pipeline and LNG approvals have been blocked by federal courts, the policy statements would guide FERC in how future infrastructure is approved. A draft Greenhouse Gas (GHG) Policy is included to provide “legal durability” to FERC decisions.

Critics say the revisions will cripple needed infrastructure plans. Glick told the public that FERC had no choice but to comply with the courts.

“Whether we’re just figuring out whether a project is needed or not,” Glick said, “we need to consider whether it’s actually a growing area that will need more gas consumption. . But…by its nature, in that if you’re going to use the pipeline more often because it’s a growing area…the emissions are going to be higher…

“You are balancing those emissions and the climate change impact, against the benefits of the project, to meet the growing energy needs of a region.”

Ironically, on Friday, a day after Glick shared his views on the reviews, the United States Court of Appeals for the District of Columbia (DC) returned a certificate that had been issued by FERC in 2020 for a 2.1 mile loopback and compressor upgrade project. by Tennessee Gas Pipeline Co. LLC.

The project, which includes the retirement of two less efficient compressors, would provide additional firm delivery of 72,400 TND to Columbia Gas of Massachusetts and Holyoke Gas and Electric.

Environmental groups had fought the project based on a lack of emissions data. The court found that FERC needed an environmental assessment for the project to comply with the National Environmental Policy Act.

Glick said Thursday he has met with nearly a dozen pipeline executives so far regarding FERC’s revised guidelines. The leaders, he said, “expressed great concern about some of the uncertainties they suggest we have raised in these policy statements.”

Noting that he spoke only for himself, Glick said: “I think we need to at least address some of those uncertainties, provide a bit more certainty as to what we mean by some of the provisions in total…

“There is still work to be done and there is always work to be done because the proof will be in the pudding. When we actually look at these…permit applications for LNG facilities or pipelines. That’s when we’ll see how we implement them.
FERC also faces other challenges, including reviewing the national grid to ensure its reliability, Glick said. The nation also needs “more transmission, potentially to reduce congestion, to…give consumers access to more economic power.” In addition, interconnection issues are under consideration.

“We have a ton of new electric generation, in many cases because the developers want to bring the generation online, but it takes years and years and years, study after study. And we examine it in a very fragmentary way. So, we are trying to figure out how to speed up the process and at the same time build a long-term transport network, reduce the time for the new generation to connect to the network? »

Many state policies “encourage” wind, solar and storage construction, Glick noted. “Obviously, utilities are also looking to go green. And they can’t because we can’t bring these projects to the interconnection.

It is complicated

The FERC chief said it was “very difficult to explain to people around the world how our utility systems are regulated because we have state, federal and regional enemies. It’s very difficult. Cities get involved.
The East Coast is a story in itself, with “the massive amount of offshore wind being developed. There are people who are now talking about doing it in California, here and in the Gulf of Mexico, for example.

“But the biggest weakness is that it takes a lot of investment and infrastructure to access these facilities in order to interconnect them to the grid. And that’s something that FERC is also looking at in our rulemaking process.

FERC wants to “break down barriers,” Glick said. He expects the Commission to soon publish “several regulatory proposals addressing some of these issues, including interconnector reform, and in particular interconnection as it relates to offshore wind…

“And then hopefully by the end of the year, early next year, we’ll be able to implement the final rules and look at removing barriers to new technology.”

FERC’s job is not to promote technologies, Glick said. However, “we are supposed to break down barriers to technology. Often these market rules that have been written across the country were written long before some of these technologies, such as wind, solar, and hybrid technology, etc., were economically efficient.

Pipes from the landing facilities of the ‘Nord Stream 1’ gas pipeline are pictured in Lubmin, Germany March 8, 2022. REUTERS/Hannibal Hanschke

FRANKFURT/BRUSSELS, March 8 (Reuters) – Russia has warned it may close its main Nord Stream gas pipeline to Germany after Berlin suspended approval for a second line across the Baltic Sea in response to the Russian invasion of Ukraine. Read more

Russian Deputy Prime Minister Alexander Novak’s comment reflects escalating tensions that have already driven gas prices in Europe to record highs.

Russia is Germany’s biggest supplier, supplying Europe’s biggest economy with just under a third of its gas.

Here are key details about the German gas sector.

GAS IMPORTS

Germany imported 142 billion cubic meters (bcm) of gas in 2021, down 6.4% from 2020, according to foreign trade statistics office BAFA, which does not identify the origin of the imports .

Domestic gas consumption was 100 billion cubic meters in 2021, utilities industry group BDEW said.

Russian piped gas led imports in December at 32% of supply, followed by Norway at 20% and the Netherlands at 12%, according to data from the Independent Commodity Intelligence Services (ICIS).

STORAGE AND DOMESTIC PRODUCTION

In December, storage supplied 22% of its needs, ICIS analysis showed.

Germany has 24 billion cubic meters of underground storage, which is a quarter of Germany’s annual gas consumption.

A fifth of that is represented by Rehden owned by storage company Astora, itself owned by Russian gas producer Gazprom.

The storage is currently only 30% full, according to data from Gas Infrastructure Europe.

Domestic gas production peaked in the 1990s and now covers only 5% of annual consumption.

WHY DOES GERMANY NEED GAS?

Gas combustion accounted for 15.3% of German electricity production last year, according to BDEW.

The loss of a large portion of gas imports could necessitate a short-term increase in coal-fired generation or electricity imports from neighbors.

The situation is more serious in domestic heating, where gas heats half of Germany’s 41.5 million homes.

In the manufacturing industry, sectors such as ceramics cannot produce without fuel.

GERMANY’S OTHER RUSSIAN ENERGY LINKS

Germany and Russia have had a strong energy partnership for decades.

Some 34% of German crude oil came from Russia in 2021, according to BAFA data.

Some 53% of the coal received by German power producers and steelmakers came from Russia last year, according to coal group VDKi.

FUTURE NEEDS

Germany’s gas needs are expected to decrease in the future as the government seeks to reduce greenhouse gas emissions. Gas heating will be phased out over the long term in favor of heat pumps and other alternatives.

In power generation, however, gas use is expected to increase during a transition period as Germany gradually moves away from nuclear and then coal.

And the government warned in February that the need to reduce dependence on Russian gas due to the Ukraine crisis could slow those disposal plans. Read more

Future consumption will also depend on the speed of deployment of renewable energy in Germany and the possibility of exploiting low-emission hydrogen produced from renewable sources such as wind and solar to replace fossil gas.

ALTERNATE IMPORT SOURCES

Germany has presented plans for an LNG terminal, which, according to the Ministry of Economy, would have an annual capacity of 8 billion m3 and would be completed as quickly as possible.

Germany does not have domestic LNG infrastructure, but the Dutch Gate landing terminal, with a processing capacity of 12 billion cubic meters, supplies customers in western Germany.

Supply for the new terminal could also come from the United States, Qatar or elsewhere.

In January, Europe imported a record nearly 11 billion m3 of LNG, nearly half of which came from the United States.

Reporting by Vera Eckert and Kate Abnett; edited by Alexander Smith and Jason Neely

Our standards: The Thomson Reuters Trust Principles.

People watch a television broadcasting a report on the firing of a ballistic missile by North Korea off its east coast, in Seoul, South Korea, March 5, 2022. REUTERS/Kim Hong-Ji

SEOUL, March 6 (Reuters) – North Korea said it had carried out “another significant test” for reconnaissance satellite systems, the official KCNA news agency reported on Sunday, a day after regional military authorities announced the launch of a ballistic missile from the country for the second. time in a week.

The launch has been condemned by the governments of the United States, South Korea and Japan, which fear the North is preparing to carry out a major weapons test in the coming months. They see the North’s satellite launches as thinly veiled tests of ballistic missile technology banned by United Nations Security Council resolutions.

North Korea’s National Aerospace Development Administration (NADA) and the Academy of Defense Sciences carried out the launch “as part of the reconnaissance satellite development plan”, KCNA reported.

It was the second such launch in a week to test satellite equipment and the ninth missile launch this year.

“Through the test, NADA confirmed the reliability of the satellite’s data transmission and reception system, its control-command system and various ground control systems,” KCNA said.

As in the last test on February 27, KCNA did not specify the type of rocket used during the launch.

Reporting by Josh Smith Editing by Chizu Nomiyama and David Gregorio

Our standards: The Thomson Reuters Trust Principles.

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