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Germany Raises Gas Emergency Level, Warning of a Crisis

Germany warned residents and businesses on Thursday that the country is in a natural gas crisis that could worsen in coming months.

“The situation is serious and winter will come,” Robert Habeck, Germany’s economy minister, told reporters at a news conference in Berlin. He said the government had triggered the second stage of its three-step energy gas plan; the next stage would permit the government to begin gas rationing.

“Even if you don’t feel it yet: We are in a gas crisis,” he said. “Gas is a scarce commodity from now on. Prices are already high and we have to be prepared for further increases. This will affect industrial production and become a big burden for many consumers.”

The announcement comes a week after Russian’s state energy giant, Gazprom, reduced the amount of natural gas it was delivering to Germany by 60 percent, in what appeared to be the latest move to punish

Keep reading this article on The New York Times Business.

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