Germany becomes… Greece – Goes to triple gas prices
The Germans could face a threefold increase in gas prices in the coming months following a cut in Russia’s supplies to Europe, a senior energy official has said.
Specifically, according to relevant publication Moscow cut gas flow by 40% last week via the Nord Stream 1 pipeline, citing technical reasons that Berlin dismisses as a pretext, causing market prices to quadruple and quadruple, the head of the Federal Reserve said. . Germany’s network service provider, Klaus Miller.
Such “huge price jumps” can not be transferred in full, said Klaus Miller, but German citizens must be prepared for a dramatic increase in costs. “A doubling or tripling is possible,” he told the public broadcaster, ARD. However, he said the rising costs now appearing on citizens’ energy bills were the result of higher prices on the gas market last autumn.
The German Ministry of Economy on Thursday (23/06) the second of the three phases of the emergency energy plan, warning of a high risk of long-term supply shortages as a result of the systematic blockage of gas supplies from Russia. The so-called “alarm phase” allows utilities to pass on high gas prices to customers and thus help reduce demand.
Robert Hubeck: “I’m worried about Vladimir Putin reopening the flow of gas”
Roth Habeck, the finance minister, said there was concern that Russian gas supplies could be cut off completely after July 13, when Nord Stream 1 had to be closed for 10 days to be inspected.
In fact, in relevant question On RTL Nachtjournal, he wondered if Russian President Vladimir Putin would not allow gas to flow again after the planned shutdown.
However, Klaus Miller said that Germany could last for a little over two months without the supply of Russian gas, stressing: “If the services in Germany were mathematically 100% full, we could do completely without Russian gas. for only two and a half months and then the storage tanks that are empty “.
To prepare for the supply crisis, Germany needs to save gas and quickly diversify its suppliers, the energy official said, adding: . the end of winter, or even – and this is a very difficult situation – in autumn or winter “.