pcloudy.png
Friday June 24th, 2022 6:19PM

Germany faces gas supply 'crisis,' declares alarm level

By The Associated Press
Related Articles
  Contact Editor

BERLIN (AP) — Germany activated the second phase of its three-stage emergency plan for natural gas supplies Thursday, saying Europe's biggest economy faces a “crisis” and warning that storage targets for the winter are at risk due to dwindling deliveries from Russia.

The government said the decision to raise the level to “alarm” follows the cuts to Russian gas flows made since June 14 and surging energy prices exacerbated by the war in Ukraine. The third and highest stage is the “emergency” level.

“The situation is serious, and winter will come,” Economy Minister Robert Habeck said in a statement.

“The reduction in gas supplies is an economic attack on us by (Russian President Vladimir) Putin,” he said. “We will defend ourselves against this. But our country is going to have to go down a stony path now.”

Russia last week reduced gas flows to Germany, Italy, Austria, the Czech Republic and Slovakia just as European Union countries are scrambling to refill storage of the fuel used to generate electricity, power industry and heat homes in the winter. Russia's state-owned energy giant Gazprom blamed a missing part sent to Canada for repairs for the cutbacks through the Nord Stream 1 pipeline running under the Baltic Sea to Germany — Europe’s major natural gas pipeline.

It comes on top of gas shutoffs to Poland, Bulgaria, Denmark, Finland, France and the Netherlands in recent weeks.

Germany's government said current gas demands are being met and its gas storage facilities are filled to 58% capacity — higher than at this time last year. But the goal of reaching 90% by December won’t be possible without further measures, it said.

“Even if we can’t feel it yet: we are in a gas crisis,” Habeck said.

He said Germany would not react to the situation by keeping all supplies it receives to itself and cutting off neighboring countries. Instead, the government was urging industry and residents in Germany to reduce their consumption as much as possible.

“The prices are already high, and we need to be prepared for further increases,” Habeck said. “This will affect industrial production and become a big burden for many producers.”

To reduce demand, the government plans to hold auctions that would see large industrial consumers receive money if they relinquish their contracts.

Since declaring the first phase of its emergency plan in March, Germany and other countries have been trying to get additional gas from European neighbors such as the Netherlands and Norway as well as liquefied natural gas from producers in the Gulf and further afield.

To the horror of environmentalists, the government also announced Sunday that it would increase the burning of more polluting coal and reduce gas use for electricity production.

The government said it had informed European partners of the move in advance.

___

Follow the AP’s coverage of the war at https://apnews.com/hub/russia-ukraine

  • Associated Categories: Associated Press (AP), AP National News, AP Online National News, Top General short headlines, AP World News, AP Business, AP Business - Industries, AP Business - Utilities
© Copyright 2022 AccessWDUN.com
All rights reserved. This material may not be published, broadcast, rewritten, or redistributed without permission.
Survivors dig by hand after Afghanistan quake killing 1,000
Survivors are digging by hand through villages in eastern Afghanistan reduced to rubble by a powerful earthquake that killed at least 1,000 people
3:46AM ( 22 minutes ago )
The AP Interview: Estonian PM says don't play down Russia
Estonian Prime Minister Kaja Kallas has told The Associated Press that the West shouldn't underestimate Russia’s military capabilities in Ukraine and that President Vladimir Putin's forces are in it for the long haul
3:37AM ( 30 minutes ago )
77 years after battle's end, Okinawa wants US base reduced
Okinawa is marking the 77th anniversary of the end of one of the bloodiest battles of World War II
3:33AM ( 34 minutes ago )
Associated Press (AP)
Feds: Ghislaine Maxwell deserves at least 30 years in prison
Prosecutors say British socialite Ghislaine Maxwell should spend at least 30 years in prison for her role in the sexual abuse of teenage girls over a 10-year period by her onetime boyfriend, financier Jeffrey Epstein
1:13AM ( 2 hours ago )
Kadri scores in OT in return, Avs move to brink of title
Nazem Kadri scored at 12:02 of overtime — perhaps with too many Colorado players on the ice — and the Avalanche beat Tampa Bay 3-2 on Wednesday night in Game 4 of the Stanley Cup Final to move within a victory of dethroning the two-time defending champion Lightning
1:13AM ( 2 hours ago )
Sound off! Trumpet is 1st bloodhound to win Westminster show
A bloodhound named Trumpet has won the Westminster Kennel Club Dog Show
12:42AM ( 3 hours ago )
AP National News
Good dog! Westminster dog show gets set to pick a winner
The top dog will soon get crowned at the Westminster Kennel Club Dog Show
10:38PM ( 5 hours ago )
Congress alleges 'shadow' probe by Commanders owner Snyder
A U.S. House committee says Washington Commanders owner Dan Snyder conducted a “shadow investigation” that sought to discredit former employees making accusations of workplace sexual harassment
10:22PM ( 5 hours ago )
Uvalde school police chief on leave after mass shooting
The Uvalde school district’s police chief has been put on leave following allegations that he erred in his response to a mass shooting that left 19 students and two teachers dead
8:47PM ( 7 hours ago )
Top General short headlines
China hosts BRICS meeting amid rising economic concerns
Chinese President Xi Jinping is hosting a virtual summit with the leaders of Brazil, Russia, India and South Africa collectively known as the “BRICS," amid rising concerns over the global economic outlook and a growing political divide between Beijing and New Delhi
1:09AM ( 3 hours ago )
Asian stocks mixed after Wall St declines on growth worries
Asian stock markets are mixed after Wall Street edged lower amid fears higher interest rates will chill global economic activity
12:14AM ( 3 hours ago )
Ukraine expects EU-wide support for candidacy to join bloc
A Ukrainian deputy prime minister overseeing the country’s push to join the European Union says she’s “100%” certain all 27 EU nations will approve making Ukraine a candidate for membership in the bloc
8:32PM ( 7 hours ago )
AP Business
Biden calls for 3-month suspension of gas and diesel taxes
President Joe Biden is calling on Congress to suspend federal gasoline and diesel taxes for three months — an election-year move meant to ease financial pressures
6:04PM ( 10 hours ago )
US stocks give up afternoon gains and end slightly lower
Stocks gave up an afternoon gain and ended slightly lower on Wall Street Wednesday
4:37PM ( 11 hours ago )
Sri Lankan prime minister: Island's economy 'has collapsed'
Sri Lanka’s debt-laden economy has “collapsed” after months of shortages of food, fuel and electricity
4:10PM ( 11 hours ago )
AP Business - Industries
Stocks edge higher, remain turbulent amid recession worries
Stocks turned slighlty higher in morning trading on Wall Street Wednesday, shaking off an early loss
11:17AM ( 16 hours ago )
Stocks slip as falling oil prices weigh on energy sector
Stocks are opening lower on Wall Street as sharp drops in crude oil prices pull energy companies lower
9:46AM ( 18 hours ago )
Sri Lanka PM says economy 'has collapsed,' unable to buy oil
Sri Lanka’s prime minister says its debt-laden economy has “collapsed" after months of shortages of food, fuel and electricity
9:14AM ( 18 hours ago )
AP Business - Utilities
Survivors dig by hand after Afghanistan quake killing 1,000
Survivors are digging by hand through villages in eastern Afghanistan reduced to rubble by a powerful earthquake that killed at least 1,000 people
3:46AM ( 23 minutes ago )
The AP Interview: Estonian PM says don't play down Russia
Estonian Prime Minister Kaja Kallas has told The Associated Press that the West shouldn't underestimate Russia’s military capabilities in Ukraine and that President Vladimir Putin's forces are in it for the long haul
3:37AM ( 32 minutes ago )
77 years after battle's end, Okinawa wants US base reduced
Okinawa is marking the 77th anniversary of the end of one of the bloodiest battles of World War II
3:33AM ( 36 minutes ago )
3 summits offer test of Western unity, dominated by Ukraine
Three consecutive summits over the next week will test Western resolve to support Ukraine and the extent of international unity as rising geopolitical tensions and economic pain cast an increasingly long shadow
3:32AM ( 37 minutes ago )
LEADING OFF: Astros vs Yanks, Musgrove returns to face Phils
American League powerhouses square off when Aaron Judge and the New York Yankees host Yordan Álvarez and the Houston Astros in the opener of a highly anticipated four-game series Thursday night
3:02AM ( 1 hour ago )