Major Firms Ready to Lower Gas Use This Summer, Germany Says
- Auction will start this summer to cut industrial gas use
- Germany is rushing to fill its gas storage before winter
Across Europe, countries are rushing to reduce their energy dependence on top-supplier Russia.
Photographer: Krisztian Bocsi/BloombergThis article is for subscribers only.
Several major German industrial consumers are ready to participate in the government’s auction that will help to ensure security of supply this winter, according to a minister.
“Several” energy-intensive users are prepared to cut consumption and instead the volumes will be put in storage, Deputy Economy Minister Oliver Krischer said in an interview in Essen, Germany. He declined to be specific about which companies had come forward.