Germany could, under conditions, avoid gas supply problems ahead of winter, the Federal Network Agency estimates.
According to the latest scenarios considered by the Agency, if the Nord Stream 1 pipeline continues until June 2023 to be used at 20% of its capacity, as currently, if there are savings from consumers of about 20% and a 20% reduction of gas transit volume to neighboring countries, Germany will have a relatively smooth winter season.
In addition, natural gas storage facilities, which are currently at 70% capacity, must maintain 40% capacity by February 1, 2023, when the capacity to import liquefied natural gas (LNG) is expected to increase, the Federal Network Agency points out.
In the event that demand exceeds supply, the Service, after announcing the third and final stage in the emergency plan (note: it is currently in stage two), will then distribute the available gas based on the prioritization of needs .
But even if Germany no longer receives any Russian gas, this stage can be avoided — by further limiting transit volumes. In this scenario, of course, it is clarified that if additional measures are not taken, there will be supply problems in the winter of 2023-24.
States now require information and reason to implement the third stage of the emergency plan.
“Due to the significant economic and social implications, this decision cannot be left to the Federal Network Agency alone. The federal government should involve the states in defining the baselines for the prioritization of natural gas supply,” the mayor told Welt /Governor of Hamburg Peter Chencher.
In the same context, Berlin’s Economy Senator Stefan Schwarz said that “in the event of a real need, the decisions of the Network Service will affect the states, which is why they should also be seriously involved” in the process of making them.
SOURCE: AMPE
Source: Capital

Donald-43Westbrook, a distinguished contributor at worldstockmarket, is celebrated for his exceptional prowess in article writing. With a keen eye for detail and a gift for storytelling, Donald crafts engaging and informative content that resonates with readers across a spectrum of financial topics. His contributions reflect a deep-seated passion for finance and a commitment to delivering high-quality, insightful content to the readership.