This is a big deal!
Putin has lost the gas war against Germany. Amazing the success Berlin has made weaning Germany off of Russian energy blackmail in less than a year.
"In further evidence that Putin has lost the gas war, the German economy and population have been given an unequivocal all-clear by two sources at the same time: the state regulatory authority, and an industry association.
First, the Federal Network Agency officially announced that "a gas shortage this winter is becoming increasingly unlikely." In a newspaper interview, the head of the agency, Klaus Mller, added that he now expects gas prices to stop fluctuating and stabilize around the current level. This is still considerably higher than before, but far lower than the record levels seen in the summer. At these prices, the energy-intensive sectors of German industry "could finally work on gaining ground again," Mller said.
Shortly afterward, INES, the Association of German Gas and Hydrogen Storage Operators, presented scenarios for 2023 at its monthly press conference. Assuming normal weather and temperatures, the fill level at the end of this winter would be 65%, he said. That would be an extremely comfortable starting point for gas storage during the summer months, and for ensuring fill levels of 100% as early as September.
In other words, industry experts are assuring German businesses and households that they need not expect any problems with gas reserves either this winter or next."
ENERGY
Putin has lost the gas war against Germany. Amazing the success Berlin has made weaning Germany off of Russian energy blackmail in less than a year.
"In further evidence that Putin has lost the gas war, the German economy and population have been given an unequivocal all-clear by two sources at the same time: the state regulatory authority, and an industry association.
First, the Federal Network Agency officially announced that "a gas shortage this winter is becoming increasingly unlikely." In a newspaper interview, the head of the agency, Klaus Mller, added that he now expects gas prices to stop fluctuating and stabilize around the current level. This is still considerably higher than before, but far lower than the record levels seen in the summer. At these prices, the energy-intensive sectors of German industry "could finally work on gaining ground again," Mller said.
Shortly afterward, INES, the Association of German Gas and Hydrogen Storage Operators, presented scenarios for 2023 at its monthly press conference. Assuming normal weather and temperatures, the fill level at the end of this winter would be 65%, he said. That would be an extremely comfortable starting point for gas storage during the summer months, and for ensuring fill levels of 100% as early as September.
In other words, industry experts are assuring German businesses and households that they need not expect any problems with gas reserves either this winter or next."
ENERGY
