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Germany Prepares to Trigger Next Stage of Emergency Gas Plan

  • Russia reduced shipments of the fuel to Germany last week
  • Stockpiles are at 58% as government seeks to shore up supply
Updated on

Germany is preparing to trigger the next stage of its emergency gas plan, a decision that may mean passing along higher prices to industry and households.

Deliberations over the move show there are serious concerns that the supply situation may deteriorate further, after Moscow slashed deliveries on its main pipeline to Europe last week. Germany, among the biggest buyers of fossil fuels from Russia, is seeking to cut gas demand as it shores up stockpiles for winter.