Germany managed to reduce its dependence on Russian gas from 55% in February to 26% today as a result of efforts to reduce these imports and suspend supplies via Nord Stream.
According to the latest estimate of the Ministry of Economy, released today, at the end of June, the share of gas imports from Russia fell to 26%.
Ten days ago the gas giant Gazprom supply disruptions through the Nord Stream gas pipeline, citing maintenance problems and the lack of a turbine, so the percentage will continue to fall.
Despite this interruption, the level of gas reserves remains at 65%, according to official figures from the Federal Network Agency, Germany’s regulatory body.
new alternatives
Alternatives came mainly from Norway and the Netherlands. Ministry of Economicswhose head, green Robert Habeck, has been accelerating its search for other suppliers since February, in addition to calling for energy savings for the general population.
German government calculates that until the summer of 2024 it will still need to be imported gas in Russianalbeit at a lower percentage.
The release of these estimates comes at a time when Nord Stream is expected to resume Russian gas this Thursday as the aforementioned repairs are theoretically completed.
Deputy German Government Spokesperson Christine Hoffmann today expressed confidence that Gazprom would “fulfill its contractual obligations” and resume gas supplies to Europe via Nord Stream.
Possible Scenarios
“We are ready to respond to any unforeseen circumstances, but there are no technical reasons to justify the suspension of deliveries,” Deputy Foreign Minister Olaf Scholz said.
On the other hand, a government spokeswoman declined to comment on reports from the German media that Scholz Executive has been rapidly preparing a bailout for Finnish Fortum-owned German gas company Uniper, with liquidity problems ever since. Russia reduced deliveries.
According to the economic newspaper Handelsblatt, Scholz may hold a meeting with representatives of this company this Friday to complete the rescue. According to the medium’s estimates, the state is ready to take over 30% of the company’s shares.
Uniper has requested a €2bn loan from the state-owned German Credit Bank for Reconstruction and Development (KfW) to address its liquidity problems.
Source: RPP
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