Germany activates emergency gas plan to secure supplies

Germany activates emergency gas plan to secure supplies

Germany raised the alarm level of its emergency gas plan, as fears have grown that Russia will cut off supplies if Western states refuse to pay for Russian ruble gas. “will create a crisis room at Minister”, said German Economy Minister Robert Habeck, during a media conference [...]

Germany raised the alarm level of its emergency gas plan, as fears have grown that Russia will cut off supplies if Western states refuse to pay for Russian ruble gas.

The “will establish a crisis room at Minister”, said German Economy Minister Robert Habeck, during a media conference after G7 states rejected Russia's demand for Russian wireless energy payment.

The pre-emptive “measures of Germany's gas emergency pant “is a pre-emptive “measure” aimed at providing gas supplies, Habeck said.

According to him, gas reserves are currently at 25 percent of their capacity. He added that Russia's shipment stop would have “serious consequences”, even though it showed that supplies have not yet been halted.

The Kremlin has said it will only accept rubel payments for gas supplies to European Union states and named G7's statement as “unacceptable”.

Germany depends heavily on Russian gas for its energy needs, as 55 percent of its supplies were sent through pipelines from Russia before Moscow began its invasion of Ukraine on February 24th.

Since the start of the war, Germany has stepped up efforts to reduce its dependence on Russian gas and diversify its energy supplies. / REL

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