• 3 minutes e-car sales collapse
  • 6 minutes America Is Exceptional in Its Political Divide
  • 11 minutes Perovskites, a ‘dirt cheap’ alternative to silicon, just got a lot more efficient
  • 2 days The United States produced more crude oil than any nation, at any time.
  • 8 days e-truck insanity
  • 3 days How Far Have We Really Gotten With Alternative Energy
  • 7 days Oil Stocks, Market Direction, Bitcoin, Minerals, Gold, Silver - Technical Trading <--- Chris Vermeulen & Gareth Soloway weigh in
  • 6 days James Corbett Interviews Irina Slav of OILPRICE.COM - "Burn, Hollywood, Burn!" - The Corbett Report
  • 6 days The European Union is exceptional in its political divide. Examples are apparent in Hungary, Slovakia, Sweden, Netherlands, Belarus, Ireland, etc.
  • 8 days Biden's $2 trillion Plan for Insfrastructure and Jobs
  • 8 days "What’s In Store For Europe In 2023?" By the CIA (aka RFE/RL as a ruse to deceive readers)
  • 11 days Bankruptcy in the Industry
Oil Ticks Lower on EIA Inventory Report

Oil Ticks Lower on EIA Inventory Report

Crude oil prices moved lower…

The EU Allows Members to Ban Russian LNG as Imports Climb

The EU Allows Members to Ban Russian LNG as Imports Climb

The European Parliament approved rules…

Brent Could Climb to $95 as Bullish Sentiment Builds

Brent Could Climb to $95 as Bullish Sentiment Builds

In an increasingly bullish oil…

Tsvetana Paraskova

Tsvetana Paraskova

Tsvetana is a writer for Oilprice.com with over a decade of experience writing for news outlets such as iNVEZZ and SeeNews. 

More Info

Premium Content

Germany Needs To Slash Natural Gas Consumption To Avoid A Winter Emergency

  • Last week, the natural gas consumption of German households and small businesses was 10% above the four-year average for that week.
  • The Federal Network Agency, Bundesnetzagentur is once again warning that the country needs to reduce its natural gas consumption by 20%.
  • Without a significant reduction in savings, it will be difficult for Germany to avoid a natural gas shortage this winter.

Germany may be unable to avoid a gas emergency this winter if all consumers don’t significantly cut consumption in Europe’s biggest economy, according to Klaus Müller, the president of the Federal Network Agency, Bundesnetzagentur.

“The situation may become very serious if we do not significantly reduce our gas consumption,” Müller told Reuters on Thursday, adding that households, industry, and businesses need to cut consumption by at least 20%. According to the regulator, German households and small businesses used nearly 10% more gas than the four-year average for that week.

The agency, the regulator to impose rationing in case of severe shortages, published on Thursday its weekly report on gas supply and demand in Germany. The data showed that gas consumption rose in the latest reporting week by 10% to 618-gigawatt hours per week (GWh/week) from 483 GWh/week in the previous week, and was above the average for the same week between 2018 and 2021.

The agency once again called on all consumers to conserve gas, as it “emphasizes the importance” of savings.

This week’s appeal for gas conservation comes after a similar appeal last week when the agency said that Germany’s gas consumption rose too much - to levels higher than in previous years, and without considerable gas conservation, Europe’s biggest economy will find it challenging to avoid gas shortages this winter.

“Without significant savings, also in the private sector, it will be difficult to avoid a gas shortage in the winter,” the agency’s president Klaus Müller said last week.  

Gas storage sites are more than 92% full, the regulator said today, but warned that gas price fluctuations are huge. Despite the recent drop in gas prices, businesses and households “will have to continue to prepare for very high gas prices,” the agency added.

If the coming winter is colder than usual, Germany could see severe nationwide gas shortages, which it will not be able to predict more than two weeks in advance, Müller said in September.

“I can’t give an exact forecast of where the risk of a shortage is the greatest,” Müller told German business daily Handelsblatt in mid-September.

“If we get a very cold winter, we have a problem.”


By Tsvetana Paraskova for Oilprice.com

More Top Reads From Oilprice.com:

Download The Free Oilprice App Today

Back to homepage

Leave a comment
  • Lexington Green on October 11 2022 said:
    Yes, well that enables Germany to generate power from other sources that already supply half of their electric generation. They'd be in a lot worse shape without these alternatives.

Leave a comment

EXXON Mobil -0.35
Open57.81 Trading Vol.6.96M Previous Vol.241.7B
BUY 57.15
Sell 57.00
Oilprice - The No. 1 Source for Oil & Energy News