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  • Germany triggers ‘alert level’ of emergency gas plan, sees high risk of long-term supply shortages

    From cnbc.com

    Germany has declared it is moving to the so-called “alert level” of its emergency gas plan, as reduced Russian flows exacerbate fears of a winter supply shortage. Economy Minister Robert Habeck announced on Thursday that Germany would move to stage two of its three-stage plan. It means Europe’s largest economy now sees a high risk of long-term gas supply shortages. Germany has seen a sharp fall in Russian gas supplies, prompting the country to warn that the situation is going to be “really tight in winter” without precautionary measures to prevent a supply shortage.“We mustn’t delude ourselves: cutting ... (full story)

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  • Posted: Jun 23, 2022 5:30am
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     Newsstand
    Category: Fundamental Analysis
    Comments: 0  /  Views: 233
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