, creating a painful cost-of-living crisis for consumers and businesses and forcing governments to spend billions to ease the burden.Article content
Gazprom said the latest shutdown is needed to perform maintenance on the pipeline’s only remaining compressor. Klaus Mueller, president of Germany’s network regulator, said while a resumption of flows would help Germany’s security of supply, no one was able to say what the consequences would be if flows remained at zero.Article content
“It is something of a miracle that gas filling levels in Germany have continued to rise nonetheless,” Commerzbank analysts wrote, adding Germany had so far been successful at buying sufficient volumes at higher prices elsewhere.
Should have switched to quadrupled renewables as I warned this would happen earlier in the Spring
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