to demand to roll back it's 0 cove id strategy. this is the double your business. i'm janelle de mala unwelcome guitars. energy minister has announced a long term deal to supply gas to germany. 2000000 tons of liquefied natural gas will be delivered annually from 2026, with the deal set to last at least 15 years. the agreement between guitars, state energy company and u. u. s. oil giant pinocchio phillips will c l n g. the liver to germany's northern bronze buttle terminal. germany has been scrambling for new sources of gas to replace russian supplies in the wake of the war in ukraine. christoph rule is from the center of global energy policy at columbia university. thank you for being here, christoph. so in terms of actually replacing the rush and gas flows that germany wanted to win itself off of how much will this deal actually help?

good morning. so it's not going to be of a magnitude which changed the gas for that's for gas for. ready for germany or europe, it amounts to about 3 percent of germany used to consume in 2021 before the war started. but it's a start and as they say in english now, every little helps. and i think there are 3 important points of the background here which, which, which are worth mentioning. the 1st one is this is the 1st time of course for germany to engage in that kind of contract. and to keep one of his terminal busy. this comes into bon spittle starts only in 2026, but it is sort of a stepping stone on which to build. the 2nd is not only a 1st for germany, is also for us, for katara, not only in delivering to germany in working with germany. but it's also coming from a new segment of the north field, which is, which is what they're just trying to produce. that gas together is konica phillips . this is all the american company should send that to you. and the 3rd one is the

most important one. there was a lot of haggling, not so much for the cut over capable of willing to deliver gas, and that the germany was capable of taking it. but about the length of the contract for many reasons. and was 15 years there now agreed on a contract length, which is considerably above the short term which germany wanted and considerably low the long term cut on wanted cut. i wanted to use the current price terms to lock in a contract much longer term. they have at the same day announced a contract with china for 27 years. so you can see that between 0 and 27 germany, it's not just because he mentioned the length of the contract. we are still talking about a long time contract, even though it's not as long as the guitar is wanted. we're still talking about 15 years. what about germany is client climate goals? doesn't ellen g then endanger those goals? that is a very interesting development you. when you think about 10 years back or so, it was all the pipeline delivers of gas countries like russia,

which wanted long term contracts and which reduce the long term contracts. the gas markets for, you know, when you have a pipeline was from h b, that is where you do market and you fix it with a long term contract. that was a boring market following, following oil prices more or less, it was only risk. the merchants of liquefied natural gas, that suddenly gas could be delivered everywhere and coming from everywhere, like the oil market, and as a result of the market price. and so to juice for liquefied natural gas. and the shipments would go all over the place and price wanted to let you reside, to which was unknown for and gas markets, as countries competed toward the recent export us computer to customers. and again, it was the ship us with gas pipelines like russia wanted long term prices. and we didn't like the short term costs. now prices are so high that the delivery of energy like cuts are the ones one long term conscious supposed to want to look in. was young prices like germany, one's shorter trunk process, but for climate change,

i mean it's, it's probably on avoidable to switch to gas to some extent, to scan as you transition will take longer than the thank you so much. first off roles from the center of global energy policy at columbia university, we have to leave at fair. thank you very much. thank you. paging is cracking down on protests against 0 coven strategy and several cities. the chinese government is detaining people, censoring social media, and suddenly tweaking its strict measures in a bid to quality on ref. meanwhile, global markets are already recovering from monday, fell off, but the uncertainty remain. the protests are just the latest challenge posed by china. 0 coven strategy. which has already disrupted supply chains and her chinese consumption. done join by theresa fallon, she's a director of the center for russia, europe, asia studies. and our correspondence who is on hand, who is following the story from taipei. welcome to both of you, starting with you. so it seems like we're not seeing as many protests today,

is it because of the crackdown? yes, the authorities have started standing please to investigate the protesters. and now the chinese government and pro china activists are deliberately portraying the protests as a result of foreign intervention. and that people in major city, such as saw, high embedding, have been randomly asked by please to check their mobile phones on the street as subway stations or shopping malls to see if people have installed overseas. social media platform such as twitter, instagram, telegram, or are using the p n. and that is why we are not seen as many protests a day. now, protesters clearly on you, a tipping point was clearly reached here in china. what does this unrest tell us about the country's economic model? i think that this protest, incredible because the entire country in cities across the country, everyone was protesting. this idea of the surveillance state didn't seem to work at this point. and of course they are cracking down today with censorship and no one

can find out what's going on online, but we see how there's a real lack of trust in the government. and this whole idea of legitimacy that they have to do. and how do i say this are they have to deliver on the economy? and after 2 and a half years will be locked down, they have been unable to do that. so people are getting very frustrated. we've seen the markets go up and down and all of this. and the biggest problem of all is that there has in the last 2 hours, the foreign ministry has stated that they will increase vaccinations, markets responded very positively to that. nevertheless, they will use chinese vaccines which have a very low effective rate, and only about 40 percent of the elderly population are vaccinated. so this doesn't look very good. it when they do eventually open up almost a lot of fatalities because they don't have any natural immunity. and the whole idea of the micron has really changed everything. it's so infectious that the 0

coven strategy clearly is not working. yes, the german government has even suggested that they perhaps finally allow western vaccines. but so she didn't, things government seems to have a choice. now between meeting the protesters demands to rollbacks hiroko vid are cracking down even harder. what do you think we're going to see your scheme all. we have the response from the chinese government to the protests. and it says that the closure and control measurement of should be quickly and properly resolved to reduce the inconvenience costs to the public by the epidemic. it did not mention the realization of the 0 coffee policy, but refer to the improper closure as an action by local governments and asked the public to step up and report. however, the same media still emphasized that there is no wavering of the 0 could be policy . so we'll see how beijing can optimize it to a level that there people can accept. now, theresa, what do these protests mean at 1st,

china's goal of becoming the world's largest economy by 2050. i think that even though these protests have happened, there are still some 5 major issues that the government has to tackle. so they have the oldest population in the entire world. there are huge demographic issue. people are have even less children during covered 19. so that's been accelerated productivity has stalled, people are moving around. so there's very little economic activity over 20 percent of the companies are actually in lockdown. so this has huge economic impact. but i would suggest, you know, people are really connecting the dots here today in progress. there's the natal meeting and it's worse that you have to poor has had the biggest effect on the chinese economy. and so more than any of trumps sanctions or any activities he didn't for years. so what was done, kind of rather quietly by the, by the administration has had a massive impact on china and their supply chains. so i would suggest how things

play out at the natal meeting today in progress. us trying to get l a. supports on the supply chain issues and not to exports high right. heck, equip china that will be the real a barometer of how the chinese economy will perform. and this also, it is an indicator at it, the people are so angry with the current government. one thing that can unite people is maybe some sort of activity towards taiwan. so markets are also factoring that in so many factors up play $30000.00 china, expert at the center for russia, europe, asia, studies, and our correspondence to some hon. thank you both. thanks. now to some of the other global business stories making news, twitter owner ilan mosque issued a threat to apple saying the tech firm cut ads on twitter and threatened to block the up. he targeted the eiffel maker and several tweets, asking whether apple halted, hated free speech,

criticized that's up these and wondered whether it would go after the other company . tesla block fi has become the latest u. s. crypto currency lender to file for bankruptcy. just a few weeks after f t x did the same f t x was blah fie's, 2nd largest predator causing a domino effect. when it went under. the company says it was money to more than $100000.00 creditors. china's biggest property developer ever grand has sold a parcel of land for 1000000000 euros to mitigate its worsening financial position . the company has been offloading assets to pay off. it's 300000000 euro debt. the land in sons then was initially intended for its southern tech headquarters. the european commission has approved germany's plan to give rail operator deutsche about 530000000 euros. the package is meant to help the company compensate for losses. stemming from the pandemic during 2021. this is the 2nd time the commission

has approached a such a measure. and a reminder of the top business stories we are following for you, this, our tours energy minister has announced a long term deal to supply gas to germany. 2000000 tons of liquefied natural gas will be delivered annually from 2026. what the deal set to last, at least 15 years, germany has been scrambling for new sources of gas to replace the russian supplies in the wake of the war and ukraine. b jane is cracking down on protests against 0 cove and strategy in several city. the chinese government is detaining people, censoring social media, and suddenly tweaking and strict measures in a bid to quality unrest. meanwhile, global markets are already recovering from monday sell off, but the uncertainty remain. that for me and the business team here

in berlin for more from us head to d, w dot com slash business, or the d w, and use youtube channel or also on facebook at dw dot business until next time. take care. ah ah with ah,

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