Germany Plans to Force Gas Firms to Secure Reserves for Winter
- Proposal to be presented to parliament in spring, people say
- Nation is no longer considering plan to keep national reserves
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Germany is planning to force energy firms to keep enough gas in storage to ensure security of supply in the winter as part of a package to be considered by parliament, according to people familiar with the matter.
The plan -- to be presented in spring -- would put the onus on companies including energy giants Uniper SE, RWE AG and Gazprom PJSC to safeguard stockpiles in Europe’s top natural gas consumer, said the people, who asked not to be identified because the information is private. Germany’s Economy Ministry has commissioned consultants at the Institute of Energy Economics at the University of Cologne to hash out details of the proposal, the people said.