Is there a threat of moving Volkswagen production from the Czech Republic? asks Bloomberg

The German automobile concern Volkswagen could move production from Germany and Eastern Europe to other countries in the event of a persistent shortage of natural gas, the Bloomberg agency wrote, referring to the statements of the company’s representatives. The Volkswagen Group has factories in Germany, the Czech Republic and Slovakia, i.e. in countries that are among the most dependent on Russian gas in Europe.

According to Bloomberg, a Volkswagen spokesman said that southwest Europe or the coastal parts of northern Europe, where there is better access to maritime supplies of liquefied natural gas (LNG), could benefit from the shift in production. INolkswagen already produces cars in Portugal, Spain and Belgium, i.e. countries that have LNG terminals.

The Volkswagen Group also expressed concern about the impact of high gas prices on suppliers of automotive components. “Politicians must limit the current uncontrolled explosion of gas and electricity prices,” said Thomas Steg, who is in charge of external relations at the concern. “Otherwise, especially small and medium-sized enterprises with high energy consumption will have problems in the supply chain and will have to limit or stop production,” he added.

Confirmed. The German government will nationalize the energy company Uniper, paying half a billion euros

Policy

The German government has agreed to take over Uniper, which is Germany’s largest importer of Russian gas and which has run into existential problems due to a reduction in the supply of Russian gas and a significant increase in the price of this energy raw material. The government will buy the stake from the parent company – the Finnish company Fortum – and strengthen the capital. After the transaction is completed, the government should own 98.5 percent of Uniper. Foreign press agencies inform about it.

CTK

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The situation surrounding Russian gas supplies became more complicated when Russia launched an attack on Ukraine in February this year and the European Union adopted a series of anti-Russian sanctions in retaliation. Russia is limiting supplies to the EU, citing technical problems caused by sanctions. But the European Union says the technical problems are just a pretext and that Moscow is using the gas as a weapon to advance its interests.

Volkswagen is the largest car manufacturer in Europe. It also includes the Czech car manufacturer Škoda Auto. It has three production plants in the Czech Republic, but also manufactures in Slovakia, China and India, mostly through group partnerships, as well as in Ukraine and Kazakhstan in cooperation with local partners.


We will not write off gas. It is necessary to obtain it from safe sources, claims Kateřina Morrisová from GasNet

Leaders

The Czech Republic is unable to meet today’s and future demand for energy without gas, claims the manager of the GasNet company. “The numbers speak clearly. While last year the Czech Republic’s electricity consumption amounted to less than 74 TWh, we needed about 100 TWh of gas. Such an amount of energy cannot easily be replaced. Households, industry, companies and the whole society need reliable and stable supplies throughout the year,” adds Kateřina Morrisová.

Stanislav Sulc

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refueling, gas stations

Lukáš Kovanda: Within two weeks, gasoline could be cheaper than before the invasion

Opinions

In the Czech Republic, fuels have become cheaper again in the past week, gasoline has been the cheapest since February 26 this year, that is, since the third day after Russia’s invasion of Ukraine. The price of gasoline is already just under a crown per liter higher than on the last day before the invasion. And within two weeks, gasoline could be cheaper than before Russia’s invasion of Ukraine, according to Trinity Bank chief economist Lukáš Kovanda, according to whom it will be cheaper by 50 shillings per liter next week.

Lukáš Kovanda

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The article is in Czech

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