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(Bloomberg) – Germany will struggle to have enough herbal fuel by next winter, even if reserves are replenished according to government targets.
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According to Klaus Mueller, president of the Federal Network Agency, the country’s energy regulator, filling fuel reserves to 95 percent through November would cover about two and a half months of demand for electric, commercial and heating power if Russia cuts off the source entirely. lately they are 77% full, two weeks ahead of schedule.
Germany, which relies heavily on Russian fuel, will fill its winter stocks after Moscow slashed flows at the key Nord Stream pipeline, exacerbating Europe’s worst energy crisis in decades that is expected to persist next year. The government has called for a drop in consumption, warned it opposes rationing and this week imposed a fuel tax.
“We’re a little bit faster than we used to be in terms of filling up storage, but that’s not a sign that we can relax,” Mueller said in an interview Tuesday. “Rather, it should be understood as a nudge. Let’s continue like this.
With the threat of a colder-than-normal autumn and the possibility of additional disruptions to sources, the administration’s purpose of filling parking lots up to 85 percent through October may be challenging, Mueller said. Meeting the November target of 95 percent is “hard to achieve,” as some garages require more time to fill up, he said.
“I can’t promise you that all garage services in Germany will be 95% complete by November, even with a smart source and call conditions,” Mueller said. “In the most productive case, three-quarters will achieve the goal. “. “
Supply Warning
Russian Nord Stream fuel flows lately account for only about 20% of capacity, prompting repeated warnings from the German government that the source can come to a complete halt at any time as Moscow retaliates against sanctions imposed over its war in Ukraine.
Germany is already taking steps to alleviate the shortage of sources, adding an agreement reached this week to import two new liquefied herbal fuel terminals. could reduce fuel consumption by 3 percent by 2023, according to BloombergNEF.
The regulator is also looking at how to prioritize the source for certain industries deemed essential to the economy, with a virtual platform to help propose other scenarios that will be in place in October.
But the industry doesn’t expect the regulator to identify a constant order in which corporations walk away in the event of a crisis.
“We don’t yet know how the crisis will evolve. We cannot give any certainty that some consumers may be isolated before others,” Mueller said. “We’re transparent, but I know it’s not acceptable news. “
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