• About Us
  • Contact Us
  • Cookie policy (EU)
  • Home
  • Privacy Policy
  • Video
  • Write for us
Today Headline
  • HOME
  • NEWS
    • POLITICS
    • News for today
    • Borisov news
  • FINANCE
    • Business
    • Insurance
  • Video
  • TECHNOLOGY
  • ENTERPRISE
  • LIFESTYLE
    • TRAVEL
    • HEALTH
    • ENTERTAINMENT
  • AUTOMOTIVE
  • SPORTS
  • Travel and Tourism
  • HOME
  • NEWS
    • POLITICS
    • News for today
    • Borisov news
  • FINANCE
    • Business
    • Insurance
  • Video
  • TECHNOLOGY
  • ENTERPRISE
  • LIFESTYLE
    • TRAVEL
    • HEALTH
    • ENTERTAINMENT
  • AUTOMOTIVE
  • SPORTS
  • Travel and Tourism
No Result
View All Result
TodayHeadline
No Result
View All Result

Germany moves closer to gas rationing as Russia chokes supplies | Germany

June 23, 2022
in Enterprise
0
0
SHARES
4
VIEWS
Share on FacebookShare on Twitter


Germany has moved one step closer to gas rationing, after the country’s economic ministry on Thursday warned of a high risk of long-term supply shortages due to Russia systematically choking off gas deliveries.

Economy minister Robert Habeck announced the second of three energy emergency plan phases, which enables utility firms to pass on high gas prices to customers and thereby help to lower demand.

The ministry said the reason for the warning was a reduction in Russian gas deliveries since 14 June amid continued high prices on the gas market. Should Russian gas deliveries via the Nord Stream 1 pipeline continue to remain at the low level of 40%, the ministry said in a statement, “a storage target of 90% by December cannot be reached without additional measures”.

Habeck said there would “hopefully never” be a need to ration gas, but added: “Of course, I cannot rule it out. The plan was to making savings, expand infrastructure and switch to alternative sources of energy during the hot summer months to avert a rationing scenario in the winter.

“There’s no point pretending – the throttling of gas deliveries amounts to an economic attack on us by Putin,” the minister for economic and energy affairs said. “Putin’s strategy is blatantly to stir insecurity, to drive up prices and to drive a wedge through our society.

“Even if it doesn’t feel like it yet, we are in a gas crisis,” he added. “From now on, gas is going to be a scarce good.”

The Green party politician said the current crisis was also a result of preceding German governments having allowed themselves to become too reliant on Russian gas and not sufficiently diversified its energy sources.

“That is now coming back to haunt us and must be rectified at great speed,” Habeck said at a press conference on Thursday morning.

Germany has been racing to fill its gas storage facilities in time for the winter, as Europe’s largest economy scrambles to wean itself off Russian energy supplies in the face of a possible European embargo or a potential decision by Moscow to completely cut off supplies.

In a move controversial with the Green party’s voter base, the German government is planning to build two new liquified natural gas terminals on the North Sea coast and restart some coal-fired power plants that were due to be phased out.

On 14 June, Gazprom announced it was reducing deliveries through the Nord Stream 1 pipeline by 40%, citing delayed repairs of technical parts by German company Siemens. Habeck said on Thursday the technical reasons given were “only a pretext”.

Sign up to First Edition, our free daily newsletter – every weekday morning at 7am BST

The economic minister rallied German industry leaders around his emergency plans on Tuesday, warning them that large companies could face not just days but months of gas shortages in the coming winter.

“If the plan works out, the storage units will be full in winter,” he said at a meeting of German DAX companies in Berlin. “There is a certain degree of hope that we can manage this. But make no mistake, we are not there yet, the units are only at 60%.”

Previous Post

Eurogamer Newscast: What can Sony do to improve PlayStation Plus Premium?

Next Post

Inside the suite Audrey Hepburn stayed in at Rome’s famous Hotel Hassler

Related Posts

25 Ways to Stop Spending Money and Save for Retirement
Enterprise

25 Ways to Stop Spending Money and Save for Retirement

Unfortunately, there are no shortcuts...

Read more
Codenotary introduces Software Bill of Materials service for Kubernetes
Enterprise

Codenotary introduces Software Bill of Materials service for Kubernetes

Software Bill of Materials (SBOM)s...

Read more
Enterprise

UK economic outlook ‘very uncertain’ as households are squeezed, warns Bank of England – business live | Business

Bank of England: Global economic...

Read more
5 Steps to Fixing Your Broken Training Program
Enterprise

5 Steps to Fixing Your Broken Training Program

Opinions expressed by Entrepreneur contributors...

Read more
Microsoft is readying a smaller, faster ‘Outlook Lite’ app for Android
Enterprise

Microsoft is readying a smaller, faster ‘Outlook Lite’ app for Android

Microsoft already offers an Outlook...

Read more
Load More
Next Post

Inside the suite Audrey Hepburn stayed in at Rome's famous Hotel Hassler

  • Trending
  • Comments
  • Latest
Flight Attendant Escorts Abandoned Senior Dog Cross-Country To His New Forever Family

Flight Attendant Escorts Abandoned Senior Dog Cross-Country To His New Forever Family

How old is Simon Cowell’s son Eric and who is his mother?

How old is Simon Cowell’s son Eric and who is his mother?

Six times actors really romped in sex scenes that make 365 DNI look tame

Six times actors really romped in sex scenes that make 365 DNI look tame

Horror as goat gives birth to ‘humanoid kid’ with baby-like face

Get set to join the jet set: How ordinary mortals can cash in on the action in flashy Mykonos

Get set to join the jet set: How ordinary mortals can cash in on the action in flashy Mykonos

25 Ways to Stop Spending Money and Save for Retirement

25 Ways to Stop Spending Money and Save for Retirement

Horizon Forbidden West Patch 1.17 Adds 120Hz, Variable Refresh Rate Support And New “Balanced” Graphics Mode

Horizon Forbidden West Patch 1.17 Adds 120Hz, Variable Refresh Rate Support And New “Balanced” Graphics Mode

White Sox’ independence from Twins’ rule is on the line starting Monday

White Sox’ independence from Twins’ rule is on the line starting Monday

About Us

Todayheadline the independent news and topics discovery
A home-grown and independent news and topic aggregation . displays breaking news linking to news websites all around the world.

Follow Us

Latest News

Get set to join the jet set: How ordinary mortals can cash in on the action in flashy Mykonos

Get set to join the jet set: How ordinary mortals can cash in on the action in flashy Mykonos

25 Ways to Stop Spending Money and Save for Retirement

25 Ways to Stop Spending Money and Save for Retirement

Get set to join the jet set: How ordinary mortals can cash in on the action in flashy Mykonos

Get set to join the jet set: How ordinary mortals can cash in on the action in flashy Mykonos

25 Ways to Stop Spending Money and Save for Retirement

25 Ways to Stop Spending Money and Save for Retirement

Horizon Forbidden West Patch 1.17 Adds 120Hz, Variable Refresh Rate Support And New “Balanced” Graphics Mode

Horizon Forbidden West Patch 1.17 Adds 120Hz, Variable Refresh Rate Support And New “Balanced” Graphics Mode

  • Real Estate
  • Education
  • Parenting
  • Cooking
  • NFL Games On TV Today
  • Travel and Tourism
  • Home & Garden
  • Pets
  • Privacy & Policy
  • Contact
  • About

© 2021 All rights are reserved Todayheadline

No Result
View All Result
  • Real Estate
  • Education
  • Parenting
  • Cooking
  • NFL Games On TV Today
  • Travel and Tourism
  • Home & Garden
  • Pets
  • Privacy & Policy
  • Contact
  • About

© 2021 All rights are reserved Todayheadline

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

Posting....