German Companies Look at Offshore Production as Energy Prices Rocket

German Companies Look at Offshore Production as Energy Prices Rocket
A view shows a gas turbine at the gas trading company VNG AG in Bad Lauchstaedt, Germany, on July 28, 2022. Annegret Hilse/Reuters
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BERLIN—Germany’s 200 billion euro ($197 billion) energy aid package will provide limited relief for businesses and is unlikely to dissuade companies that are already looking to relocate to cheaper manufacturing bases overseas.

The German government set out its energy relief package last month, including a gas price brake and a cut in sales tax for the fuel to help households and small and medium-sized business (SMEs) cope with surging prices.