Germany says gas “reservoirs are well-filled and prices are falling”. Read more at straitstimes.com.
OSLO - Germany has so far avoided the “worst-case scenario” of an economic meltdown after being cut off from Russian gas, and is optimistic its stocks will last through next winter, the economy minister said on Thursday.
He told a press conference that gas “reservoirs are well-filled, more than 90 per cent, and prices are falling”. Norway boosted its gas production by eight per cent last year and has become Europe’s leading gas supplier since war broke out in Ukraine. Norwegian oil and gas giant Equinor and German utility firm RWE announced a joint hydrogen project aimed at helping Germany decarbonise its energy production.
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