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Germany Says It Can Do Without Russian Gas. That’s a Tall Order

From bnnbloomberg.ca

Germany’s economy minister has said the country could do without Russian gas. But that won’t be easy. Europe’s industrial powerhouse currently relies on Russia’s Gazprom PJSC for more than half its gas. And if anything, demand will only grow as the country phases out nuclear and coal-fired electricity. No. 2 supplier Norway is already pumping at full tilt, and Germany has no means of importing liquefied cargoes. Economy Minister Robert Habeck told Deutschlandfunk radio Wednesday that “the possibility that Germany gets enough gas and enough resources beyond Russian gas imports is there.” He was speaking after ... (full story)

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  • Category: Fundamental Analysis