Germany is looking into the possibility of a strategic state gas reserve in view of supply problems and industry needs.
Gabriel Dumitrache
International
GeoPic / Alamy / Alamy / Profimedia
Always see our news on Google
Germany's Economy Ministry has called for an analysis of the feasibility of creating a state-controlled strategic gas reserve similar to US oil reserves. Currently, most deposits are managed by private companies, which has led to difficulties in replenishing them. Germany, which has some of the largest gas deposits in Europe, is looking for ways to support the industrial sector, which is crucial to the economy. Other EU countries such as Italy and Austria already have state gas reserves and Germany is considering options such as underground caverns for storage.
Sources
Latest News
23:08
The strong storms in Bihor, Sibiu, and Brașov caused major damage, including torn roofs and fallen trees.
22:19
The Ministry of Energy has notified the European Commission about the severe drought affecting the Danube and the operation of the nuclear power plant in Cernavodă.
21:39
MAE, travel advisory for Japan: Typhoon Dolphin will bring strong gusts of wind and heavy precipitation in Okinawa
21:28
The Romanian team defeated Bulgaria 69-51 in the final quarter of the EuroBasket U18. Romania will play in the semifinals against the winner between Greece and Lithuania.
20:59
Volkswagen: Majority shareholders force a rapid restructuring after a sharp decline in Porsche SE's profit.
See more news
NEWS ON THE SAME TOPICS
International
Germany establishes the conditions for participation in a mission to secure the Strait of Hormuz
International
Europe risks starting winter with the lowest level of gas in storage in the last 15 years
Personalized news feed, AI-powered search, and notifications in a more interactive experience.
