Germany May Need More Than $15 Billion To Solve Its Gas Crisis | OilPrice.com

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Germany May Need More Than $15 Billion To Solve Its Gas Crisis | OilPrice.com
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Germany may struggle to reach adequate levels of gas storage by winter despite a $15.7 billion credit line.

If Russian gas to Germany stops flowing after the end of Nord Stream’s regular two-week maintenance beginning on July 11, the country would see gas shortages through the autumn, the winter, and next spring, the agency’s president Klaus Müller toldIf Germany wants to avoid a massive shortage, it must start conserving gas immediately, not only in the winter, Müller added.

Europe’s biggest economy—which is also the biggest customer of Russian gas—is struggling to secure gas supply after Moscow Before the Russian invasion of Ukraine, Germany was importing 40 percent of its natural gas from Russia.

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