Germany may call next stage in gas emergency plan in next 5-10 days
6/21/2022
(Reuters) - Germany is preparing the second phase in its three-stage gas emergency plan and could officially launch it within the next 5-10 days, newspaper Die Welt said on Tuesday, citing people familiar with the matter.
The second so-called alarm stage, which would be announced by Germany's economy ministry, enables utilities to pass on gas costs, which have risen significantly in the wake of Moscow's invasion of Ukraine, to customers.
The economy ministry did not immediately reply to an emailed request for comment.
(Reporting by Christoph Steitz, editing by Kirsti Knolle)
Sign up to Receive Our Newsletter
- TotalEnergies and Mozambique announce the full restart of the $20-B Mozambique LNG project
- RWE strengthens partnerships with ADNOC and Masdar to enhance energy security in Germany and Europe
- Five energy market trends to track in 2026, the year of the glut
- Venture Global wins LNG arbitration case brought by Spain's Repsol
- Trinity Gas Storage reaches FID on Phase II expansion
Comments