Germany Plans $1.7 Billion Strategic Natural Gas Reserve
16 Articles
16 Articles
In order to be prepared for extraordinary crises, the Federal Government wants to create a national gas reserve, which should be independent of regular storage.
According to government sources, the Federal Ministry of Economics has drawn up a plan for the establishment of a strategic gas reserve. According to this plan, gas supply is to be secured in exceptional crises. As an example - against the background of the Iran war - sudden import failures are mentioned.
In the Federal Government there are plans for a state gas reserve. It is to cover a 30-day loss of the largest import infrastructure. The billion-dollar-high costs are to be financed via a new levy.
Black and red is a state gas reserve for crisis cases. It is to be financed via a levy on gas consumers. These have to be adjusted to significantly higher costs.
Germany is building a strategic gas reserve for emergency situations. The Ministry of Economy's plan is estimated at 1.5 billion euros. Article Germany is building a strategic gas reserve of 1.5 billion euros for emergency situations appears first in Romania TV.
Germany Plans $1.7 Billion Strategic Natural Gas Reserve
Germany is moving to create a state-owned strategic emergency reserve of natural gas to boost its energy security, the Economy Ministry of Europe’s biggest economy said on Tuesday. Earlier today, Reuters reported that the strategic government-owned reserve would require up to $1.7 billion (1.5 billion euros) to build the reserve and buy the gas to inject into the storage in 2027 and 2028. The emergency gas reserve would hold volumes of gas equiv…
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