Home Business Germany raises the alert level of natural gas shortage and starts the second phase of emergency plan

Germany raises the alert level of natural gas shortage and starts the second phase of emergency plan

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On June 23, local time, Germany officially raised the natural gas risk level from “warning” to “alert”, which is the second level in Germany’s three-level emergency plan for natural gas.

At the end of March this year, Germany launched the first level of the three-level emergency plan for natural gas, the main measure being the implementation of stricter monitoring of natural gas flow. Under German law, German energy companies can pass on higher energy costs to businesses and households when the gas “alert” phase is entered. However, German Deputy Chancellor and Economy Minister Habeck said that the price adjustment is currently suspended, and the government will first observe the market reaction.

In mid-June, Gazprom cut gas supply to Europe via the Nord Stream-1 gas pipeline by 60%, saying the drop was mainly due to the overhaul of a key device in the pipeline in Canada. , not sent back in time, affecting the pipeline operation. But European officials dismissed that explanation.

If Russia continues to cut gas supplies, German industrial production will be severely affected, Harbeck said. In order to strengthen natural gas reserves, Germany may restart coal-fired power plants that were originally planned to be gradually closed.

Germany raised the alert level of natural gas shortage and started the second phase of emergency plan. Click on the video to see what it is!

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