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Germany Economy Minister Robert Habeck.

PHOTO BY GERMANY MINISTRY OF ECONOMY


Germany declares gas crisis after Russia limits supplies

Germany declared a “gas crisis” on Thursday (June 23), after Russia limited its supplies by 60 percent.

Economy Minister Robert Habeck said Germany is in a “state of alarm” and is set to reopen coal plants as it faces a shortage of gas. Germany is also reportedly looking at deals to buy back unused gas to encourage companies to save energy.

“Even if we can’t feel it yet, we’re in a gas crisis,” said Habeck. After his announcement, market gas prices increased by up to 5.6 percent.

“Gas is a scarce resource from now on. Prices are already high, and we have to prepare ourselves for further increases,” Habeck said on Thursday. He urged residents to save on their energy consumption.

Germany said the situation on the limited gas supply has worsened since March, and that if it continues, the government would have to ration energy supplies as a final move.

Last week, Russian gas company Gazprom announced a reduction in its gas supplies through the Nord Stream due to what it said were technical issues. Similar moves were also made against Bulgaria, Finland and Poland.

Western countries, however, think it is a move to blackmail European neighbours that imposed sanctions on Russia over its war with Ukraine.

Germany has said it will continue to need Russia’s gas supply until 2024. The country was supposed to phase out coal power by 2030. ICA/Expat Media


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