The President of the Federal Network Agency sees signs that gas prices have reached a plateau and will not continue to rise. But he also warns that in the event of a gas shortage, Germany must support the critical infrastructure in neighboring countries.
“There was no significant price jump this week, even though Nord Stream 1 was shut down,” said Klaus Müller of “Bild am Sonntag”. “This could mean that the markets have already priced in the loss of Russian gas supplies and that we have reached a gas price plateau. Whether these higher prices, which we owe to the Russian gas reduction, will have to be passed on in the short term has not yet been decided.”
In the event of a gas shortage, Germany must act in solidarity with its neighboring countries and, in an emergency, also provide gas from German storage facilities to supply critical infrastructure in other countries. “We have a duty of solidarity to our neighbors and we would be well advised not to hurt them,” said Müller. “Just as we are benefiting from the liquid gas ports in Belgium and the Netherlands, we also have a duty to help in an emergency to help supply private households or hospitals in our neighboring countries.”
Despite the tense situation, the President of the Federal Network Agency urged prudence, especially with regard to the measures taken by individual municipalities. “We must not panic. Warming halls for needy people play no role in the plans of the Federal Network Agency.”