Germany's Top Utility Still Sees Risks Of Gas Shortages

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Germany's Top Utility Still Sees Risks Of Gas Shortages
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Germany's biggest utility has warned that natural gas supply disruptions are still a risk for the country.

Gas supply disruptions continue to be a risk for Germany, the chief executive of the country’s biggest utility, RWE, told German publication WirtschaftsWoche in an interview published on Thursday. “We don't have any buffer in the gas system,” RWE’s chief executive officer Markus Krebber told WirtschaftsWoche, adding that Europe’s biggest economy must accelerate the construction of gas import infrastructure to avoid future shortages.

Krebber’s warning that Germany and Europe are not out of the woods yet echoes similar views from the German industry. The country continues to call on consumers to save gas and expects natural gas prices to remain high until at least 2027.

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