One building from every year of the 20th century, in chronological order.

1901: Annunciation Cathedral of Kharkiv, Ukraine, designed by Mikhail Lovtsov

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Abschlussbericht ExpertInnen-Kommission Gas Wärme bmwk.de/Redaktion/DE/P… , bmwk.de/Redaktion/DE/P… Michael Vassiliadis

European gas crisis

One of the stickiest issues is the problem that many LTCs across the continent are pegged to the Dutch TTF price index (which happens to be higher than prices at other hubs).

The EU commission has suggested to introduce a new price index.

Here it is👇

Ah there’s the hawkish pushback

„All sources were surprised by the large market reaction“ 😂

This is painfully useless

🇪🇺 TRADERS PARE #ECB BETS, SEE KEY RATE PEAKING BELOW 2.75% IN 2023 - BBG

twitter.com/C_Barraud/stat…

ECB shifted comment on inflation expectations from first to second paragraph of its policy statement. Probably means nothing but may be worth a question.

Good chart on European nitrogen.

As spot prices for gas have collapsed, ammonia and urea production have regained profitability.

It makes a lot of sense that these plants restart now. But they will close again when gas prices recover in few weeks time.

via Fertilizer Week

I didn't get a lot of support from my team, when I built this chart a few days ago... Finally, a little bit of good news for battered European industry, even if it may turn out to be temporary.

Lithium-Mine soll bis 2027 in Frankreich entstehen tagesschau.de/wirtschaft/unt… #Lithium #Rohstoff #Mine #Frankreich #Batterien

Liebe Bundesnetzagentur, wäre es möglich das hervorragende Datenangebot zur Gasversorgung noch etwas zu erweitern? Eine Aufschlüsselung der monatlichen & wöchentlichen Durchschnittsdaten für 2018-21 in die einzelnen Jahre wäre großartig. Vielen Dank. cc Klaus Müller

The 'Iberian exception' could be a substantial draw on scarce gas supplies!

German power plants would in specific situations use TWICE as much natural gas, if the gas price were subsidized from 150€/MWh to 50€/MWh!

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[thx to Conall Heussaff for calculations!]

Bundeskanzler Scholz plant Aussetzen der Schuldenbremse via WELT welt.de/politik/deutsc…

⚠️ Germany to cap electricity prices by taxing excess profits

- Reuters via PiQSuite.com/Suite

The wage deal in the German chemical industry in perspective:

German chemical industry agrees 3.25% wage hike in 2023 and 2024 alongside two large one-off payments of 1.5k. Troubled firms can delay hikes.

⚠️ ICIS's Froley said another reason for the congestion is that prices are expected to rise as winter approaches and heating demand increases, so some ships are waiting to sell their cargoes at a higher price that can offset the extra shipping costs incurred by sitting offshore.