Germany Faces Gas Shortage Crisis: Industry Demands Strategic Reserve

The German energy industry, led by the BDEW, and the Federal Network Agency are jointly advocating for a national strategic natural gas reserve due to declining gas storage levels. This move highlights the severity of the gas supply situation, which the government previously downplayed. Current gas storage levels are concerning, dropping rapidly and potentially leading to shortages during cold weather. If shortages occur, energy-intensive industries would face shutdowns that would cascade through the economy. The author criticizes Germany's energy policies, blaming ideological decisions for the current vulnerability, including abandoning nuclear power and relying on unreliable sources. The author contrasts the government's assurances with the reality of low storage levels and potential supply risks. Germany's interventionist policies are seen as leading to a command economy with a focus on green energy. The solution proposed includes reverting to Russian gas, coal, and embracing nuclear power. The irony highlighted is the failure of the energy transition, which now needs gas reserves. The author also notes the US, under Trump, is developing strategic reserves, a concept usually opposed. Finally, the author suggests German households will bear the consequences of these policies.