Germany triggers gas alarm stage, accuses Russia of 'economic attack'

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BERLIN, June 23 (Reuters) - Germany triggered the "alarm stage" of its emergency gas plan on Thursday in response to falling Russian supplies but stopped short of allowing utilities to pass on soaring energy costs to customers in Europe's largest economy.

 

The measure is the latest escalation in a standoff between Europe and Moscow since the Russian invasion of Ukraine that has exposed the bloc's dependence on Russian gas supplies and sparked a frantic search for alternative energy sources.

 

The step is a largely symbolic signal to companies and households but marks a major shift for Germany, which cultivated strong energy ties with Moscow stretching back to the Cold War.

 

https://www.reuters.com/world/europe/germany-enter-phase-2-emergency-gas-plan-says-source-2022-06-23/

 

 

 

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IEA chief warns Europe to prepare for total shutdown of Russian gas exports

Fatih Birol says governments should keep ageing nuclear plants open and take other contingency measures

 

The International Energy Agency has warned that Europe must prepare immediately for the complete severance of Russian gas exports this winter, urging governments to take measures to cut demand and keep ageing nuclear power stations open.

 

Fatih Birol, the head of the IEA, said Russia’s decision to reduce gas supplies to European countries in the past week may be a precursor to further cuts as Moscow looks to gain “leverage” during its war with Ukraine.

 

“Europe should be ready in case Russian gas is completely cut off,” Birol told the Financial Times in an interview.

 

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https://www.ft.com/content/f7990162-395f-488e-9d23-13f3cce83e24