Germany Is Taking Steps to Bolster Gas Supplies, Habeck Says

Germany Is Taking Steps to Bolster Gas Supplies, Habeck Says

(Bloomberg) —

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The German government will step up efforts to bolster gas storage levels after Russia reduced flows in a move Economy Minister Robert Habeck said was intended to unsettle energy markets.

The government will make available additional credit lines by state-owned lender KfW to guarantee gas injections at storage sites. It also plans incentives for the industry to reduce consumption and is preparing to fire up more coal plants to keep the use of gas at a…


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