RUS | ENG | All
Укажите логин или email, которые вы использовали при регистрации.
Если вы не помните свой пароль - просто оставьте это поле пустым и вы получите новый, вместе со ссылкой на активацию.

Еще не зарегистированы?
Добро пожаловать!

2022-06-23 12:05:00

GERMANY GAS PLAN

GERMANY GAS PLAN

BLOOMBERG- June 23, 2022 - German Economy Minister Robert Habeck will trigger the second stage of the country’s three-phase gas-emergency plan later on Thursday, moving Europe’s biggest economy to the “alarm” level following steep cuts in supplies from Russia, according to a person familiar with the plan.

The heightened alert gives the government the option of enacting legislation to allow energy companies to pass on cost increases to homes and businesses, while some coal-fired power plants could also be reactivated to help minimize gas consumption. The third and highest “emergency” level would involve state control over distribution.

Habeck warned Wednesday that Europe’s biggest economy should brace for a further reduction in Russian gas flows after Moscow last week slashed deliveries on its main pipeline to Europe. He is due to make a statement at 10 a.m. in Berlin.

Dutch front-month gas futures, the European benchmark, rose 1.7% to 129.30 euros ($136.62) per megawatt-hour in Amsterdam. The contracts have gained more than 50% since state-owned gas giant Gazprom PJSC cut flows on the key Nord Stream pipeline by about 60%.

Germany, which relies on Russia for more than a third of its gas supplies, enacted the initial “early warning” phase at the end of March, when the Kremlin’s demands for payment in rubles prompted Germany to brace for a potential cutoff in supply.

Habeck, who is also the vice chancellor in the ruling coalition, has said Russia’s move to cut gas deliveries through the Nord Stream pipeline by about 60% was politically motivated and aimed at unsettling the markets.

The government’s latest move comes as Germany rushes to fill up gas-storage facilities, which are currently around 58% full. Energy companies have been building stocks to try to reach a government-mandated target of 90% capacity by November to help see the nation through the winter.

Germany’s network regulator, known as BNetzA, would implement rationing if the government triggers the emergency level. The Bonn-based agency has said leisure venues would likely see supply cuts, while consumers and critical public services such as hospitals would be protected.

Gas is a crucial part of Germany’s energy mix and more difficult to replace than Russian coal and oil, which are being phased out by the end of the year. Some 15% of Germany’s electricity is generated from gas, which is also critical for heating homes and for industrial processes in the chemicals, pharmaceuticals and metals sectors.

Germany has taken steps to secure supplies, including taking control of a local Gazprom subsidiary, which was renamed Securing Energy for Europe GmbH. The country is also building infrastructure to import liquefied natural gas from the US and other suppliers.

 

-----


Earlier:

GERMANY GAS PLAN
2022, June, 22, 09:55:00
GERMANY'S GAS RECESSION
The EU relied on Russia for as much as 40% of its gas needs before the war - rising to 55% for Germany - leaving a huge gap to fill in an already tight global gas market.
GERMANY GAS PLAN
2022, June, 22, 09:50:00
GERMANY NEED COAL
The plan includes increased reliance on coal-fired generation, an auction system to incentivise lower consumption in industry and €15bn in credit lines via the state-owned investment and development bank KfW for the country's gas market operators to fill gas storage facilities faster.
GERMANY GAS PLAN
2022, June, 22, 09:40:00
QATAR LNG DEVELOPMENT
Qatar Energy (QE) has selected Eni and ConocoPhillips to partner on the 32 Mt/year North Field East (NFE) LNG project in Qatar.
GERMANY GAS PLAN
2022, June, 13, 14:40:00
GERMANY'S ENERGY SAVING
Chancellor Olaf Scholz’s three-party alliance agreed at the end of March to cut the levy on fuel for three months from June 1 by 30 euro cents per liter for gasoline and 14 cents for diesel, costing the government about 3 billion euros ($3.1 billion) in lost revenue.
GERMANY GAS PLAN
2022, June, 10, 14:20:00
GERMANY NEED RUSSIAN ENERGY
Germany advised people to defrost their freezers regularly, change shower heads and switch office lighting to LEDs as the government tries to reduce a reliance on imported Russian energy that’s become a political liability.
GERMANY GAS PLAN
2022, May, 23, 13:05:00
GERMANY, QATAR LNG DEVELOPMENT
The new pact, inked during a Qatari state visit to Germany, comes as Berlin looks to fast-track a number of new LNG import terminals to reduce its dependence on Russian gas imports.
GERMANY GAS PLAN
2022, April, 12, 12:50:00
QATAR LNG AMBITIONS
Even before the Ukraine war had Europe scrambling for alternatives for Russia's oil and natural gas, Qatar's ambitions to grow its LNG business were coinciding with burgeoning energy demand by western countries amid the recovery from the pandemic.
All Publications »
Tags: GERMANY, GAS, RUSSIA, SANCTIONS