tv Business - News Deutsche Welle December 16, 2022 3:45pm-4:01pm CET
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well supplies last, also coming up as energy bills, sore families in estonia are clubbing together to make ends meet. and how a canal poland bill to allow ships to avoid russian waters is turning into a tourist attraction. this is the w business. i'm kate ferguson. thanks for joining me. germany is one step closer to ending its reliance on russian gas after a huge ship containing liquefied natural gas arrived at the port of bill, hence half and on the north sea. it's a key part of the infrastructure that will allow the processing of the fuel to take place. germany is counting on l. n. g as an alternative to the natural gas and used to receive via pipeline from russia. with the ship's name hug, esperanza alludes to hope this ellen g floating terminal is expected to supply 6 percent of germany's annual gas consumption. that's big given the countries dire
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need for alternatives to russian energy exports. the, i'm in a few months with managed to establish germany's 1st liquefied gas terminal. it's a process that otherwise takes 5 to 6 years. it will not. and the terminal will convert liquefied natural gas into gas and also serve as a storage facility. meanwhile, rushes looking to other partners to replace buyers in the u. worse than show them just using an important step to reduce the impact of sanctions and other whole style actions against russia will be the development of port and pipeline infrastructure in the south and east, including increasingly export of natural gas rushes, looking east and south. while the west turns elsewhere to put the new terminal marks of milestone for germany and finding alternatives to russian energy and it's assigned to you and russia are drifting further apart. for more we can talk to
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energy expert heading cloister and having how significant is the terminal outfit hence hoffman in germany, the time to end of dependence on rushing off. thank you. it's very significant. i mean, you heard that it doesn't replace all of the rough and gas, but it is one of the free terminals that we got gave to him that will becoming online in germany when the next couple weeks. so this matter, if on top of that you take into account the german gas consumption is, is, has been reduced. people and industries become more aware. this is a huge debt. and on top of that, there are similar across europe which have helped germany this year to import natural gas from navy like belgium brown, the netherlands, to reduce his work and dependency. in fact, the brand brand of this just arrived is carrying pain. so it's a massive step and it's the remark, the treatment that you showed its happening in
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a few months, which normally takes about half a day. i mean, you mentioned spain to start, but who else will be supplying germany's l. n g and couldn't lead to other problems of energy dependence as was the case with russia. yeah, for sure. like the gas mentioned from spain was initially imported from elsewhere, most of the l. n g that germany will be receiving through the terminal of this one and the other ones. the upcoming will be from the united states, but also upcoming from capital. and pretty much any, any supply around the world that has capacity to send to germany. that will mean prices will remain high, and there is, of course, a dependency emerging here on a, on a ship market. the germany product prior to this class is didn't have. but of course, in this situation that you can choose, this is a necessity now. and that is graded a new reality, but it's again, it's been, it's even for now. but it's a lot of money and it isn't really cold in germany right now. and there been some
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warning that the country is using up in ga storage too fast. is that legitimate concern? it is gold, it's even cold here in the u. k. so it is a bit of a concern, but for this to become a major problem for germany, friends the it would have to stay pretty much cold as it is now. so around minus 10 degrees centigrade for the rest of winter, that is until march next year. if that happens, then german storage will be depleted to level the grid agency, the net they're going to will have to intervene the likelihood mid roll. it just fell as an extremely low that they so cold for the next 2 and a half months. it's much more likely that even if it fails, read, stays relatively cold, that a few miles a day allowed to just to not be withdrawn at current pace. so i remain positively of course, be optimistic that the visual image is in germany can be what did this window i'll take cautious, optimism having voice done. thank you so much. thank you to estonia now
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where people are struggling with a full blown cost of living crisis. inflation has had 20 percent with many families, and pensioners struggling to pay their bells in the capital. talent health is available through a special initiative for seniors, but in making omelets as a family activity for the tins in the past. they would also order in but hard times . mean they can't do that anymore. of mi latino, who for an honor breakfast, we need a box of 10 eggs for the whole family does not live and prices are up significantly on the live prices in estonia have quadrupled and wages here are considerably lower than in other parts of europe, such as germany, marya works half time at the university, in palin. she earns $850.00 euros a month. her husband, as a freelance photographer,
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he raised his fees in the fall to make ends meet fahima. lisa godsa her for high school. i just watched the money disappear. you work, but there's nothing left are all. that's why i had to raise the fees. you know the cinder, electricity, and heating bills take a big chunk out of the budget than i was in the my mazama. it wouldn't be right to protest our government to your blame an employer or anyone. aquesam, 7 of the problems are complex to blaming, and i am in it as russia triggered the energy crisis. when i'm proud of sneering, these hooton's government is using energy as a weapon. ah, it's now winter in the estonian capital of talon. the coming months will be cold and dark. every one is affected by record inflation of more than 20 per cent. but not every one is managing to get by on their own. the city is helping thousands of ukrainian refugees and locals alike. requests for support have quadrupled in recent
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months. sadly that we haven't seen such a rise since the 2008 financial crisis. the elderly and pensioners are especially affected. that's what the latest number showed. most single pensioners are living in relative poverty. in armless setting with benton, those living on a measly pension often come here to tell in seen yourself help association. that building fills up at noon every day because people can buy cheap food here for just a few cents. it may come up and i'm always looking for special they, i would manage if i had to pay the full price. was that facing now? does he say deluxe valia molina that com? i sent hats and scarves to the ukrainians grinders de la, i fca. if the midday army we in is stone, you know, with how bad it is there began it's also our war, but we draw the deal with inflation than bombs or mac.
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it's a perspective that many estonians chair. there's hardly any protests, although not everyone can count on getting help. pension us received a one time payment, and families with children get a subsidy, and everyone else just has to get by to some of the other trouble. business stories making news, us officials say they have gained sufficient access to order the chinese companies for the 1st time. the development removes the immediate threat of $200.00 chinese companies being de listed from american exchanges. it's a relief from major list of chinese companies like alibaba. meanwhile, in a separate development of the u. s. is planning to place chinese chip maker y m p c on 35, all their chinese firms on a trade blacklist. they would prevent them from buying american heart and software in areas like our special intelligence advanced, confusing washington has it fears china will use such technology to strengthen
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military twitter has suspended the kind of several journalists that have previously covered unwritten about the company. and its recent take over a month writers for the new york times on the washington post, among others. i'm there a kind of disabled by most with previously pulled himself a free speech solution. and it's now 3 months since poland inaugurated a canal that would allow ships to reach the baltic sea without having to bypass rushing waters. since its opening, the 1300 meter waterway hasn't only proven to be symbolically significant. it's also proving at all for tourists. ah, this fishing boat isn't here for a catch. it's out of service due to over fishing. but skipper pure turn,
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so it got still takes the boat out every now and then to prevent its engine from rusting. and now the vessel may have another future, its owner plans to re fit it and use it as an excursion bolt for tourists at the vist joel lagoon. a canal that connects the bay here to the baltic sea, plain long of having our region is benefiting from tourism vivid numbers arising now, it used to be quieter, much quieter at this time of the year. but now many tories are coming to see the new canal. there's a lot of interest before the canal was built, ships from poland had to cross russian waters and that cost time and money. the new waterway that cuts through the vis tilla split provides polish vessels. a direct link to the baltic sea as construction has cost around 220000000 year old so far. here from the observation desk visitors have a chance to marvel up a new canal. no, my laminar j adobe. i'm really impressed. i only knew the can now from tv and found
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the whole thing. pretty absurd. now i'm standing here and i'm pretty proud of it. let van don's now me so yes them don't laugh. very good. why should we pay anything to the russians? now we are independent of them even though chief wish. the region is hoping the can now will bring an economic boost at the port in l. vlog. goods, mainly construction materials are loaded most i headed to the russian enclave, colon and grad. but the new canal gives colon more options, and there are plans to deepen the waterway that will link the region to international trade routes besides all there. but the navigation conditions on the water will have as well shortened to access to the multi forwards and poly should start digit call a portal ok. taking dive in more and more investors are expressing interest to have
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operations here. the new container terminal is to be built. this canal gives poland direct access to the baltic sea, isolating it more from russia as the rift between the e. u and moscow deepens. and a reminder of the top business story where following for you this, our germany is one step closer to ending its reliance on russian gas after a huge ship containing ellen gee arrived at the port of thanks dante ah, with
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a ppo india. before and after cleaning the water tanks and come on by or can it be blocking to make a positive contribution to society? the hot bodies of organizing manny comes in as managed to unite people in the southern indian region because they all about water. he says he won't stop setting new goals. eagle, india, in 30 minutes on d w. ah, sometimes a seed is all you need to allow the big ideas to grow. we're bringing environmental
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conservation to life with learning packs like global ideas. we will show you how climate change and environmental conservation is taking shape around the world and how we can all make a difference. knowledge grows through sharing, download it now for free. ah, every journey is full of surprises. we've gone all out to give you some tips. why they indian only the footsteps of the right people. i'm in europe. northern most count please. ah, for a time is along still very much alive. d, w, travel, you'll go to the central south in germany. it recognizes where exactly
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it was fun and i learned a lot arts culture history, all their d. w. travel extremely worth a visit. ah, ah ah, ah, this is d, w is leih from vernon ukraine hit by more russian asked, strikes with the 3 explosions reported to have struck the capitol. other targets include the har cave and a desa regions, leaving some areas completely without power.
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