Germany Triggers ‘Alert Level’ of Emergency Gas Plan, Sees High Risk of Long-Term Supply Shortages

• Germany Triggers ‘Alert Level’ of Emergency Gas Plan, Sees High Risk of Long-Term Supply Shortages
  by Sam Meredith, https://www.cnbc.com/
  * Economy Minister Robert Habeck has announced that Germany will move to stage two of its emergency gas plan.
  * It means Europe’s largest economy now sees a high risk of long-term gas supply shortages.
  * “We mustn’t delude ourselves: cutting gas supplies is an economic attack on us by [Russian President Vladimir] Putin,” Habeck said in a statement, according to a translation.
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  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.
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  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.
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