The federal government wants to establish a state natural gas reserve for crisis situations. The costs could reach billions and are apparently to be borne by consumers.
Germany is to receive a state natural gas reserve for crisis situations. The costs could run into the billions.
The project is apparently to be financed by consumers. The announcement comes from reports dated 7 July 2026.
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The Swedish government presented a 17.5 billion kronor crisis package on Wednesday to tackle the global energy crisis. Backed by the Sweden Democrats, the measures are set to be approved by parliament before the summer recess.
The Federal Ministry of Economics sees no threat to supply security despite low gas storage levels. Current levels stand at around 28 percent.
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Lower Saxony's Minister President Olaf Lies has advocated for North Sea gas extraction. High gas prices are making the reserves attractive to bolster supply security. The benefits, however, are limited.
The fuel discount for petrol and diesel expires today. Manuela Schwesig demands measures against rising prices.
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The government plans to lower the crude oil resource security crisis warning from Level 3 to Level 2 starting July 1, while fully lifting the natural gas alert, following stabilized global oil prices amid progress in US-Iran peace talks.