Commodities and Futures News

Germany not experiencing gas shortage

2022.12.14 07:55


Germany not experiencing gas shortage

Budrigannews.com – The head of Germany’s energy regulator stated that the country is not currently at risk of a gas emergency that would necessitate rationing, but that households and businesses needed to maintain their savings efforts in light of the current cold spell.

“We are a long, long way from that,” Klaus Mueller, leader of the Bundesnetzagentur, told telecaster ZDF, highlighting Germany’s gas stockpiling levels, which stand at 92.45%. That contrasts with the European Union’s 87.34 percent.

“When it gets cold and people consume more, we can easily get by for one, two, or three weeks. “However, it must not continue in this manner in January and February, and we must anticipate the following winter, 2023/24,” he stated.

The regulator has stated that Germany must reduce its gas consumption by at least 20% by February 1 and that storage levels must not fall below 40% to prevent shortages.

More Costs of climate change rising and many countries cannot afford it

“Because it was warm in October and November, we have been careful about how much gas we use. We even lost a whole percentage point of gas storage on Monday, making December one of the coldest in ten years.”

According to Mueller, that level of depletion ought to remain an anomaly.

“So, my request, despite the cold: be cautious about how much gas you use.”

Germany not experiencing gas shortage

Related Articles

Leave a Reply

Back to top button
bitcoin
Bitcoin (BTC) $ 105,158.17 1.28%
ethereum
Ethereum (ETH) $ 3,319.45 0.68%
xrp
XRP (XRP) $ 3.13 0.53%
tether
Tether (USDT) $ 1.00 0.00%
solana
Solana (SOL) $ 252.34 0.25%
bnb
BNB (BNB) $ 684.35 0.38%
dogecoin
Dogecoin (DOGE) $ 0.353252 1.73%
usd-coin
USDC (USDC) $ 1.00 0.01%
cardano
Cardano (ADA) $ 0.987697 0.61%
staked-ether
Lido Staked Ether (STETH) $ 3,314.09 0.63%
tron
TRON (TRX) $ 0.257473 2.04%
chainlink
Chainlink (LINK) $ 25.29 0.51%
avalanche-2
Avalanche (AVAX) $ 35.94 2.83%
wrapped-steth
Wrapped stETH (WSTETH) $ 3,947.75 0.72%
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 105,067.15 1.40%
stellar
Stellar (XLM) $ 0.435303 1.61%
hedera-hashgraph
Hedera (HBAR) $ 0.336732 4.64%
sui
Sui (SUI) $ 4.24 0.14%
the-open-network
Toncoin (TON) $ 5.07 0.23%
shiba-inu
Shiba Inu (SHIB) $ 0.00002 1.60%
weth
WETH (WETH) $ 3,317.61 0.60%
polkadot
Polkadot (DOT) $ 6.38 1.65%
litecoin
Litecoin (LTC) $ 124.18 7.98%
bitget-token
Bitget Token (BGB) $ 7.64 6.64%
leo-token
LEO Token (LEO) $ 9.79 1.10%
bitcoin-cash
Bitcoin Cash (BCH) $ 443.54 2.95%
hyperliquid
Hyperliquid (HYPE) $ 22.77 3.84%
uniswap
Uniswap (UNI) $ 12.43 1.47%
usds
USDS (USDS) $ 1.00 0.01%
wrapped-eeth
Wrapped eETH (WEETH) $ 3,512.13 0.76%
pepe
Pepe (PEPE) $ 0.000015 2.26%
near
NEAR Protocol (NEAR) $ 5.00 2.05%
official-trump
Official Trump (TRUMP) $ 29.39 11.05%
ethena-usde
Ethena USDe (USDE) $ 1.00 0.07%
aave
Aave (AAVE) $ 337.39 1.15%
aptos
Aptos (APT) $ 8.17 1.01%
ondo-finance
Ondo (ONDO) $ 1.46 9.87%
internet-computer
Internet Computer (ICP) $ 9.21 2.13%
whitebit
WhiteBIT Coin (WBT) $ 28.56 1.72%
monero
Monero (XMR) $ 222.65 3.65%
ethereum-classic
Ethereum Classic (ETC) $ 27.25 2.29%
mantle
Mantle (MNT) $ 1.20 0.71%
vechain
VeChain (VET) $ 0.048696 3.24%
crypto-com-chain
Cronos (CRO) $ 0.139425 1.46%
jupiter-exchange-solana
Jupiter (JUP) $ 0.849376 2.08%
polygon-ecosystem-token
POL (ex-MATIC) (POL) $ 0.438103 1.44%
render-token
Render (RENDER) $ 6.94 0.62%
dai
Dai (DAI) $ 1.00 0.00%
algorand
Algorand (ALGO) $ 0.405571 0.67%
mantra-dao
MANTRA (OM) $ 3.52 2.71%