Firewood prices in Germany soar before winter

Prices for firewood and wood pellets in Germany are almost double that of the same period last year, as demand increases due to escalating energy costs.

The German Federal Statistics Office (Destatis) last week released a report showing that the price of fuelwood and wood pellets in August increased by 85.7% compared to the same period last year. This is much higher than consumer prices in Germany, which stood at 7.9% year-on-year.

According to Destatis, the cause of this situation comes from the increase in demand, input prices and transportation costs in the wood industry. The agency notes that many Germans are turning to firewood as an alternative to heating energy for their homes as winter approaches, amid rising prices for other types of energy.

A firewood warehouse in Germany.  Photo: DW.

A firewood warehouse in Germany. Image: DW.

Germany, Europe’s largest economy, relies heavily on Russian energy for heating and manufacturing. However, Russia has indefinitely halted the Nord Stream 1 gas pipeline to Germany since the beginning of the month.

Berlin accuses Moscow of weaponizing energy, while Russia says technical problems and Western sanctions are responsible for disrupting gas supplies to Germany.

To ensure energy security, Berlin in July set a series of goals, including an effort to fill 95% of its gas reserves in November, and proposed many measures to save and reduce energy consumption. .

Prime Minister Olaf Scholz is also visiting the Gulf in the hope of signing more new energy deals to replace Russian supplies. Germany has spent $1.5 billion to buy liquefied natural gas (LNG), with the US and Qatar being the main suppliers. Germany yesterday signed more agreements to buy LNG and diesel from the United Arab Emirates (UAE).

Duc Trung (Theo RT, Reuters)

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