The German government is gradually implementing changes and preparing for the new heating season
Germany is going to significantly save resources / Photo: Getty Images, Collage: Today
Germany began to cut use of gas in industry and rapidly fills storage.
As reported D.W. site with reference to dpa, additional measures to save the resource should help avoid problems in the new heating season after the reduction in gas supplies from the Russian Federation.
According to the German Minister for Economic Affairs and Climate Protection Robert Habek, billions of euros will be spent on optimizing the use of energy resources. This is loan money that the government will allocate through the state bank KfW to fill the storage facilities with gas.
In addition to the measures already mentioned, it is planned to involve more coal-fired power plants. If you do not provide sufficient volumes of gas in storage, it may not be enough in winter.
The Germans will also be encouraged to cut back on gas use. Whoever succeeds will receive compensation from the government. According to a survey by the Forsa Institute, the majority (72%) of Germans have already begun to save gas, electricity and car fuel. Another 11% of respondents intend to do so in the near future.
France reduces gas volumes from Russia
Recently, the operator of the French gas transmission network GRTgaz statedthat the country will no longer receive Russian gas through the pipeline. This was explained by “the cessation of the physical flow between France and Germany.”
Approximately 17% of the total volume came from Russia to the country. It was delivered through a gas pipeline or in liquid form on gas tankers, the largest amount was delivered through the pipeline, through a single point of connection with Germany.
Stock prices jumped
The other day, the cost of futures contracts for natural gas on European exchange ICE rose sharply. This is how the market reacted to information about the reduction by the Russian gas monopoly Gazprom of pumping blue fuel through the Nord Stream.
Gas futures prices at the TTF hub in the Netherlands jumped to more than $1,500 per thousand cubic meters on Thursday, June 16. In just one day, prices soared 15% from the morning’s $1,400 per 1,000 cubic meters. And if we take a weekly period, then gas has risen in price by more than 60%.
“Today” wrote that Russia threatens to shut off gas to Europe after the reduction in transit through Nord Stream, allegedly due to technical problems, and told how the director GTS operator of Ukraine Sergey Makogon invites the country to stop importing gas.