Main Quotes Calendar Forum
flag

FX.co ★ Germany’s energy security to be long-term issue

back back next
Forex Humor:::2022-07-28T08:43:05

Germany’s energy security to be long-term issue

A serious energy crisis amid the conflict in Ukraine forces EU countries to reconsider their energy policies and find new ways to ensure their independence from Russian imports. But there is no quick solution for this, and the process takes time. Thus, German Chancellor Olaf Scholz has recently announced that energy security of the country will be an issue for “weeks, months and years to come.” It may take years to make Germany more secure and independent in terms of energy supplies. The Chancellor noted that the German government had already taken measures to prepare for shortages, “for example when it comes to gas.” The country is building new pipelines and terminals for the import of liquefied natural gas (LNG). Olaf Scholz promised to store as much gas in the storage tanks as possible. He also said that coal-fired power plants would be used in order to save gas. In the long term, Germany is striving to reduce its dependence on oil, coal, and gas and increase the share of renewable energy sources. For this purpose, Germany's lawmakers are changing legislation at a pace “which has never been seen before in Germany, and which is necessary,” the Chancellor concluded.

Share this article:
back back next
loader...
all-was_read__icon
You have watched all the best publications
presently.
We are already looking for something interesting for you...
all-was_read__star
Recently published:
loader...
More recent publications...