08/30/2022

Germany Upbeat on Energy Security

Baltics count on wind

German Chancellor Olaf Scholz insisted Tuesday that his country was well-prepared to tackle a possible energy shortage due to Russia’s squeeze on European gas supplies, as fears grow about the rising prices that will hit consumers across the continent this winter.

Speaking at the start of a two-day government retreat, Scholz cited Germany's decision to reactivate oil and coal-fired power plants, mandate the filling of natural gas storage facilities and lease floating liquefied natural gas terminals following Russia’s invasion of Ukraine. A decision on extending the operating life of Germany’s three remaining nuclear power plants is also expected soon.

"All of this and many further measures have contributed to us being in a much better situation as far as supply security is concerned than could have been foreseen a couple of months ago," Scholz told reporters at the government guest house in Meseberg, north of Berlin.

Please select this link to read the complete article from The Associated Press.