RWE: Germany Can Be Independent from Russian Gas by Spring 2025
(Reuters) — Germany can wean itself off Russian gas within the next three years, the CEO of the country's largest power producer, RWE, told a newspaper.
"If we expand quickly, we can make it by spring 2025. The supply problems might be somewhat manageable a year earlier," Markus Krebber told Frankfurter Allgemeine Sonntagszeitung.
He said apart from building infrastructure to import liquefied natural gas, this also required building new transport pipelines across European countries.
German Economy Minister Robert Habeck has previously said the country could manage without Russian gas supplies by as soon as mid-2024.
RWE's commodity exposure to Russia includes 15 terawatt hours (TWh) of gas deliveries by 2023, which it has reduced to 4 TWh since Russia began its invasion of Ukraine - action Moscow calls a "special military operation".
Asked about future Russian gas supplies, which are subject to a new payment mechanism that has led to concerns about disruptions, Krebber said: "I expect a further shortage of gas supplies and not that someone will turn off the gas tap completely."
Related News
Related News
- Freeport LNG Plant Runs Near Zero Consumption for Fifth Day
- Biden Administration Buys Oil for Emergency Reserve Above Target Price
- Mexico Seizes Air Liquide's Hydrogen Plant at Pemex Refinery
- Kinder Morgan Declares Force Majeure on West Texas Gas Pipeline After Fire
- Williams Delays Louisiana Pipeline Project Amid Dispute with Competitor Energy Transfer
- Pipeline Hydro Test Pressure Determination
- Venezuela Proposes Alternative Payment Plan as Weak Bids Surface in Citgo Auction
- Baker Hughes Wins Contract for Huge Aramco Gas Expansion Project
- Japan Looks at Developing Domestic Pipelines Sector
- Enbridge Picks Contractors for Great Lakes Tunnel Project, Securing Line 5 Pipeline Route
Comments