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Germany needs to slash gas use by more than any other EU state: Analysis
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IANS | 04 Aug, 2022
Germany needs to reduce its gas consumption by more than any other
European Union member state in order to achieve the bloc's agreed
savings target of 15 per cent, according to an analysis.
Germany
must somehow find a way to save 10 billion cubic metres of natural gas
between the beginning of August and March next year in order to reach
the bloc's target, the equivalent to the average annual gas consumption
of 5 million four-person households, reveals the analysis carried out by
dpa news agency using EU Commission data.
Due to its high level
of gas consumption, Europe's largest economy is required to make greater
savings than any other EU state, making it responsible for almost a
quarter of the gas savings across the bloc.
Economy Minister
Robert Habeck has indicated that Germany was already on track to deliver
a 14-15 per cent reduction in consumption compared to the past year.
However,
last week Habeck also stressed that Germany would be attempting to
reduce its consumption by more than the agreed 15 per cent minimum.
The
president of the Federation of German Industries (BDI), Siegfried
Russwurm, called on the government to speed up its gas saving measures
and warned that companies attempting to switch from gas to oil were
being slowed down by red tape.
He called for expediting measures such as the replacement of gas-fired power generation with coal-fired power plants.
"This is not the speed Germany needs in crisis management," Russwurm said.
"Germany
is in the midst of the biggest energy crisis since the founding of the
Federal Republic. Business and private consumers must do their part to
save gas in order to prevent production stoppages. It is now a matter of
determination and speed."
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Customs Exchange Rates |
Currency |
Import |
Export |
US Dollar
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66.20
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64.50 |
UK Pound
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87.50
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84.65 |
Euro
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75.65 |
Japanese
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56.85 |
As on 13 Aug, 2022 |
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