German Power Export Surplus Shrank 46.2% in 2020

German Power Export Surplus Shrank 46.2% in 2020
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German Power Export Surplus Shrank 46.2% in 2020

German Power Export Surplus Shrank 46.2% in 2020

Germany saw its electricity export surplus shrink by 46.2% in 2020 to 18.9 terawatt hours (TWh), raising the prospect that its dependency on neighbors could rise in future as it switches off more coal and nuclear power stations, official data showed.

Power exports by Europe's biggest economy, which shares borders with nine countries, fell 11.6% to 52.5 TWh last year compared with 59.4 TWh in 2019, the energy regulator, called the Bundesnetzagentur, said in a publication on Saturday.

Meanwhile, electricity imports into Germany in 2020 increased by 38.8% to 33.6 TWh, compared with 24.2 TWh in the prior year.

Cross-border trade is especially strong with France, which still bets on nuclear power - shunned in Germany for safety concerns which resulted in its plan for a scheduled withdrawal.

Under the nuclear exit, three reactors out of Germany's remaining six are due to close at the end of 2021.

The country has also committed itself to ditching carbon-polluting coal generation by 2038 to meet climate protection obligations and decarbonize its energy systems.

Under exit deals agreed between the government and coal utilities last year, a total 4.8 GW of hard coal capacity stopped marketing its output as of Jan. 1, while the plants' existing delivery obligations will be worked off in early 2021.

Under a separate deal to pull out of brown coal, RWE decommissioned its Niederaussem D 300 MW lignite plant on Dec. 31.

Berlin's strategy entails rolling out more renewable capacity such as wind turbines and solar panels and to improve cross-border flows to spread localized and temporary supply risks.

Renewables did increase their share of power by 3.2 percentage points last year, arriving at 49.3%, the Bundesnetzagentur noted.

Germany also started up an interconnector with Belgium last November and a direct power cable link with Norway in December.



Saudi-German Partnership Bolsters Kingdom’s Global Industrial Reach

Riyadh International Industry Week in its previous edition. Asharq Al-Awsat
Riyadh International Industry Week in its previous edition. Asharq Al-Awsat
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Saudi-German Partnership Bolsters Kingdom’s Global Industrial Reach

Riyadh International Industry Week in its previous edition. Asharq Al-Awsat
Riyadh International Industry Week in its previous edition. Asharq Al-Awsat

Saudi Arabia is preparing to host Riyadh International Industry Week 2026, which will take place June 21–24 at the Riyadh International Convention and Exhibition Center under the patronage of the Ministry of Industry and Mineral Resources and organized by Riyadh Exhibitions Company.

More than 400 exhibitors from over 20 countries are expected to participate.

A central feature of this year’s event is the strategic partnership with Germany’s Messe Düsseldorf, a collaboration that strengthens the exhibition’s international dimension and reinforces Riyadh’s position as a regional center for industry and investment.

Mohammed Al-Husseini, CEO of Riyadh Exhibitions Company, told Asharq Al-Awsat that Riyadh International Industry Week serves as a platform bringing together leading specialized industrial exhibitions.

He said the partnership with Messe Düsseldorf has helped advance the plastics, rubber, processing, packaging, and printing sectors through the exchange of expertise and international best practices.

According to Al-Husseini, the event has, over 21 editions, supported the development of Saudi Arabia’s industrial sector and established itself as a key forum for knowledge sharing and the presentation of new industrial technologies and solutions.

It also supports industrial expansion, innovation, and strategic partnerships in line with the objectives of Vision 2030.

Founded in 1947, Messe Düsseldorf is one of the world’s leading trade fair organizers. The German city hosts roughly 40 trade fairs each year, including about 20 events regarded as global leaders in their respective industries.

Among its flagship exhibitions are K, focused on plastics and rubber; Interpack, dedicated to processing and packaging; and Drupa, which specializes in printing technologies. These exhibitions form the basis of the partnership between Messe Düsseldorf and Riyadh Exhibitions Company.

The collaboration was formally announced during Riyadh International Industry Week 2025 through a strategic agreement enabling the Saudi event to benefit from the expertise and standards associated with those international exhibitions. The move reflected Saudi Arabia’s growing appeal as a destination for industrial investment.

The partnership is being expanded in the 2026 edition through three specialized exhibitions: the 21st Saudi Plastics and Petrochemicals Exhibition, the Saudi Print and Pack Exhibition, and the fourth Saudi Smart Logistics Exhibition.

Beyond the exhibitions, an international conference opening June 22 will feature panel discussions and workshops on carbon-emissions reduction, the circular economy, sustainability, digital transformation, artificial intelligence, industrial investment opportunities, and ways to enhance the competitiveness of Saudi factories.

The event comes as Saudi Arabia continues efforts to expand its industrial base, increase local content, diversify its economy, strengthen supply chains, and adopt advanced technologies.

Organizers say the Riyadh-Düsseldorf partnership is expected to support industrial knowledge transfer, attract investment, and deepen international cooperation in the years ahead.


Iran War Is a ‘Wake-up Call’ for Southeast Asia’s Energy Sector, Report Says

A pair of solar installers haul a solar panel onto the roof of a home in Manila, Philippines, on April 30, 2026. (AP)
A pair of solar installers haul a solar panel onto the roof of a home in Manila, Philippines, on April 30, 2026. (AP)
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Iran War Is a ‘Wake-up Call’ for Southeast Asia’s Energy Sector, Report Says

A pair of solar installers haul a solar panel onto the roof of a home in Manila, Philippines, on April 30, 2026. (AP)
A pair of solar installers haul a solar panel onto the roof of a home in Manila, Philippines, on April 30, 2026. (AP)

The war in Iran has exposed major risks for Southeast Asia that could cost the region many billions of dollars if it does not diversify sources of energy more quickly, according to an International Energy Agency report released Tuesday.

An over-reliance on oil and gas transported through the Strait of Hormuz left the region particularly vulnerable to shocks from the Iran war, a "stark wake-up call" for its energy security, the report says.

It notes that rising sales of electric vehicles, a renewed interest in nuclear power and a boom in rooftop solar and other renewable energy installations show the war is spurring change.

But more sweeping reforms are needed. Otherwise, Southeast Asia’s energy import bill could rise to $245 billion by 2035, tripling from $80 billion in 2024, the report warns.

“Diversification of energy sources and supply routes is now a central priority," said Fatih Birol, the IEA executive director.

The energy shock sent Southeast Asia into a state of energy triage, leading to higher energy bills and rising inflation.

In a likely setback for efforts to phase out dependence on fossil fuels, the conflict has reinforced the need to rely on coal during times of energy crisis, the IEA said.

The war is also furthering plans for nuclear power in Southeast Asia, but years-long construction and regulatory processes remain. Indonesia, Vietnam and the Philippines may be the furthest along with nuclear power plans, but their timelines are uncertain.

“The IEA report clearly highlights that Southeast Asia is at a crossroads,” said Sam Reynolds of the US-based Institute for Energy Economics and Financial Analysis.

Do-it-yourself approaches are one option

In the Philippines, which declared a national energy emergency, consumers have turned to rooftop solar at record rates, as a quick, do-it-yourself solution to rising utility bills.

“This is the first time I’ve seen a demand shock of this magnitude," said Ivan Cano with the Manila-based solar company EcoSolutions.

The Philippines became the second-largest destination for Chinese solar exports in the first quarter of 2026, the IEA found. Imports were around three times higher than the same period last year.

Consumers have also driven a shift in Southeast Asia's transportation industry.

Electric vehicle sales more than doubled in 2025 to around half a million units, according to the IEA, which found that one in five cars sold regionally is electric.

Last month, Laos banned the import of fuel-powered vehicles for the rest of 2026 to cut oil imports and encourage the shift to EVs.

Despite the tentative deal to end the Iran war, fossil fuel prices will likely remain high which means “we will see a push towards more ambitious clean energy deployment,” said Reynolds with IEEFA.

To overcome its weaknesses, Southeast Asia needs to reduce its overall demand for imported fossil fuels, the IEA said.

It suggests making national grids more efficient and boosting investment in all forms of renewable energy, such as solar, wind, hydro and geothermal power.

“The Middle East conflict is both a stress test of Southeast Asia’s current energy system and a catalyst to accelerate structural change,” the report stated.


Goldman Sachs Cuts Oil Price Forecasts after US-Iran Deal

Vessels at the Strait of Hormuz, as seen from Musandam, Oman, June 15, 2026. REUTERS/Stringer
Vessels at the Strait of Hormuz, as seen from Musandam, Oman, June 15, 2026. REUTERS/Stringer
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Goldman Sachs Cuts Oil Price Forecasts after US-Iran Deal

Vessels at the Strait of Hormuz, as seen from Musandam, Oman, June 15, 2026. REUTERS/Stringer
Vessels at the Strait of Hormuz, as seen from Musandam, Oman, June 15, 2026. REUTERS/Stringer

Goldman Sachs lowered its fourth-quarter Brent crude oil price forecast to $80 from $90 and cut its 2027 average estimate to $75 from $80, after the US and Iran signed a preliminary agreement to reopen the Strait of Hormuz.

The revision is the bank's second cut in a week after it lowered its oil price forecast for 2027 on Friday, Reuters reported.

Analysts said in a note released late on Monday that ⁠they now expect ⁠Gulf exports to normalize to pre-war levels by the end of July, earlier than their previous forecast of end-August.

Oil prices eased on Tuesday, having slipped nearly 5% to their lowest since March 10 ⁠after US President Donald Trump said a memorandum of understanding was signed to end the US-Israeli war with Iran, which had closed the Strait of Hormuz.