Germany triggers ‘alert level’ of emergency gas plan, sees high risk of long-term supply shortages

Germany triggers ‘alert level’ of emergency gas plan, sees high risk of long-term supply shortages

From cnbc.com

Germany has declared it is moving to the so-called “alert level” of its emergency gas plan, as reduced Russian flows exacerbate fears of a winter supply shortage. Economy Minister Robert Habeck announced on Thursday that Germany would move to stage two of its three-stage plan. It means Europe’s largest economy now sees a high risk of long-term gas supply shortages. Germany has seen a sharp fall in Russian gas supplies, prompting the country to warn that the situation is going to be “really tight in winter” without precautionary measures to prevent a supply shortage. “We mustn’t delude ourselves: cutting ... (full story)

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