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Econ Min: Germany Prepared For All Gas Supply Scenarios

GERMANY

Wires carrying comments from German Economy Minister and Vice-Chancellor Robert Habeck claiming that 'Germany is prepared for all gas supply scenarios'.

  • There has been escalating concern in Germany that following a 40% reduction in gas supplies via the Nord Stream pipeline recently, that Russia could eventually fully halt supplies during the height of winter, resulting in a major energy crisis.
  • Nord Stream is at present shut for a minimum of 10 days to allow for routine maintenance. The pipeline is also waiting on the shipping of a turbine from Canada, where it was being repaired. Canada could not ship the part directly to Russia due to sanctions, so is shipping it to Germany before it is passed on.
  • Yesterday, during a meeting with his Czech counterpart, Habeck stated that "Our concerns are growing that Russia is clearly using gas supplies as a political weapon to drive up prices, unsettle markets and spread chaos".

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