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Head of the Federal Network Agency: Russia wants to drive up gas prices

2022-06-18T11:34:54.848Z


Head of the Federal Network Agency: Russia wants to drive up gas prices Created: 06/18/2022Updated: 06/18/2022 13:24 Klaus Müller, President of the Federal Network Agency, speaks of a "tense" situation with regard to gas deliveries from Russia. ©Oliver Berg/dpa Gazprom recently reduced the flow of gas through the Nord Stream pipeline. Allegedly for repair work. But the head of the Federal Netwo


Head of the Federal Network Agency: Russia wants to drive up gas prices

Created: 06/18/2022Updated: 06/18/2022 13:24

Klaus Müller, President of the Federal Network Agency, speaks of a "tense" situation with regard to gas deliveries from Russia.

©Oliver Berg/dpa

Gazprom recently reduced the flow of gas through the Nord Stream pipeline.

Allegedly for repair work.

But the head of the Federal Network Agency sees a different strategy in throttling.

Berlin/Bonn - The head of the Federal Network Agency, Klaus Müller, sees a clear strategy in Russia's throttling of gas supplies.

Müller told the German Press Agency on Saturday: “For days now, Russia has been delivering significantly less gas to Germany and Europe.

That should unsettle us and drive up prices.

That is why the federal government is organizing additional liquid gas and the Gas Storage Act is taking effect.

Saving gas and storing it for the winter is now the order of the day.”

The Russian state-owned company Gazprom had reduced the flow of gas through the Nord Stream Baltic Sea pipeline in the past few days.

This was justified with delays in the repair of compressor turbines.

Federal Minister of Economics Robert Habeck (Greens) had classified the throttling as politically motivated.

Levels are now around 56.7 percent

On Saturday, the Federal Network Agency again described the gas supply situation in Germany as “tense”.

The gas supply is stable at the moment, according to a report.

Security of supply in Germany is currently guaranteed.

On Friday, the Federal Network Agency described the gas supply situation as “tense” in its daily report for the first time since the end of March.

The Russian energy company Gazprom had previously throttled the gas flows through the Nord Stream pipeline to 40 percent of the maximum capacity.

According to the authority, the companies affected by the lack of deliveries could currently procure these quantities elsewhere on the market.

Wholesale prices have risen noticeably as a result of the reduced supply and have recently leveled off at a higher level.

Gas can still be stored.

The current storage levels in Germany are around 56.7 percent.

dpa

Source: merkur

All news articles on 2022-06-18

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