Germany must cut its gas consumption by a fifth to avoid catastrophic shortages this winter, its chief grid regulator said, as businesses and households brace for Europe’s biggest energy crisis in a generation.
Klaus Müller, head of the federal network agency (BNA), will be responsible for rationing gas supplies if Europe’s largest economy faces a winter energy crisis.
“If we fail to achieve our goal [of 20 percent gas savings], then there is a serious risk that we will not have enough gas,” he told the Financial Times.
Mueller said Germany would also need about 10 gigawatts of additional supplies of gas from other sources to make up for the missing volumes from Russia – mostly liquefied natural gas from countries like the US. This is about 9% of current gas consumption.
He noted that Germany would also have to rely on gas imports from other European countries.
Müller also warned that the long-term cost of ending Germany’s dependence on Russia would be a “very high gas price” that could have serious business implications.
“Part of production may move from Germany because gas has become too expensive,” he said. “And that’s hard to do.”
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