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Daily News / Global Trends / Market Analysis / Forestry / Lumber / Sawmilling / Wood construction / Wood Products / Europe / Global
July 18, 2022

Germans could turn to wood as Russia withholds natural gas, Deutsche Bank says

Germans could turn to wood as Russia withholds natural gas, Deutsche Bank says
   Germany could embrace wood for heat if Russia further cuts gas flows, Deutsche Bank says.   The bank said in a note that it expects German demand for gas to fall 10% below 2021 levels.   "There are lots of elements of uncertainty," the note said.    German households could turn to wood as a heating source this winter as gas supplies remain tight while Russia restricts flows to Europe, Deutsche Bank wrote in a note Tuesday.    The bank said it expects gas consumption in Germany to be 10 ...

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