Home Business Germany prepares to cut Russian gas imports – deficit will replace coal

Germany prepares to cut Russian gas imports – deficit will replace coal

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Germany prepares to cut Russian gas imports – deficit will replace coal

Germany prepares to cut Russian gas imports – deficit will replace coal

Ukrinform

Against the backdrop of a sharp reduction in Russian gas supplies to Europe, the German government plans additional energy security measures, as well as the use of more coal.

This is reported by the agency with reference to government circles. dpareports Ukrinform.

German Economy Minister Robert Habeck, officials say, is planning additional measures to reduce gas consumption for power generation and industry and to replace supplies from Russia. Filling storage facilities should be a priority before the start of the winter season.

Read also: MP Bundestag called for a complete shutdown of Nord Stream 1

The government will allocate billions of dollars to finance the measures. According to a dpa source, the government is planning an additional €15bn credit line through state bank KfW.

It is also planned to introduce a gas auction model this summer. This is to offer incentives to industrial gas users to conserve gas. The idea is that industrial consumers who can go without gas will reduce consumption in exchange for financial compensation.

In addition, it is obvious that more coal-fired power plants will be used to compensate for the shortage of gas. Which is especially difficult for the “Green” politician Khabek.

In a five-page document, which dpa has, Habek says that “gas consumption will fall, more gas must go into storage, otherwise it will be very difficult in winter.”

Read also: Traders hide the origin of Russian oil for international deliveries – WSJ

The politician also proposed measures to reduce energy consumption by private households, for example with regard to heating.

As reported, the Russian state energy company Gazprom has significantly reduced the flow of gas through the Nord Stream 1 gas pipeline in recent days, justifying this by the fact that Siemens Energy has delayed the repair of compressor turbines. Habek has already called this move politically motivated.

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