The German gas regulator confirmed on Thursday that gas flows through Nord Stream 1 had fallen to about 40% of capacity. But it said it could not confirm that the reduction was caused by the technical problem Russia cited, the shutdown of a turbine at a gas compressor station.
The Federal Network Agency of Germany said it had no concerns about German gas supplies, saying storage facilities were significantly fuller than in previous years.
The news of the reductions sent short-term natural gas prices sharply higher in Europe. Month-ahead spot prices rose 13% Thursday to 139.10 euros per kilowatt hour, up 40% since Monday.
Habeck, who is also the economy minister, already had launched a campaign for people to save energy last week. After the Gazprom announcements, he hammered home the message in Wednesday night's video.
“Gas is coming to Europe — we have no supply problem, but the volumes of gas must be acquired on the market and it will get more expensive,” Habeck said. He said the government is prepared, and noted that it has enacted legislation requiring gas storage to be filled.
He lauded the willingness of Germans and business to save energy and store gas.
“Now is the time to do so,” he said. “Every kilowatt hour helps in this situation. It is a situation that is serious, but not a situation that endangers supply security in Germany.”
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