It doesn't make economic sense for Germany to limit competition by being more dependent on Russian gas.

These mergers will be bad for competition and bad for the customers.

The way the energy sector is developing, I could well see three or four big players dominating the market and setting the agenda over the next 10 years.

Coal isn't going away. Neither is natural gas. But we can become less dependent on them.

It makes a lot of sense for Hancock to do this because they are heavily dependent, in that it takes a very long time for one client [Lloyds] to pay them. It would be very helpful for [the Hancock] people to have partners who are paid on a monthly basis.

Berlin is like being abroad in Germany. It's German, but not provincial.