In an interview with Germany’s Bild am Sonntag Klaus Muller, president of Germany’s Federal Network Agency, warned that while “gas reservoirs are nearly 65% full,” and “it’s better than in the previous weeks” it is still not sufficient to “go through the winter without Russian gas.”
Muller added that it is now imperative that maintenance work on the Nord Stream 1 pipeline concludes as expected on Thursday July 21st but this is in doubt as Moscow could potentially shut off the pipeline completely.
When asked how long it would take before energy prices for consumers in Germany are further raised, in case of a complete stoppage of Russian gas deliveries, Muller said no decision has yet been made RT reported.
On a more positive note, Muller offered reassurances, noting that “there hasn’t been any significant price surge this week, even though the Nord Stream 1 was shut off.” The official suggested this may be a sign that “markets have already internalized the loss of Russian gas supplies and we’ve reached a gas-price-plateau.”
In an attempt to avert a panic Muller insisted that Germans “shouldn’t succumb to panic,” assuring that “private households have the least reason of all to worry,” and will be provided with gas far longer than industry.
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