Germany Triggers Phase 2 Of Gas Emergency Plan

Germany has triggered the second phase of its three-phase gas emergency plan as it braces up for the possibility of a complete halt of gas supplies from Russia via the Nord Stream 1 pipeline. In an official statement, Economy Minister Robert Habeck said, as quoted by Reuters, that Germans would need to begin reducing their energy consumption and blamed the current state of affairs on Russia’s president. Fear of supply outages in Germany is running high as Gazprom prepares for regular maintenance of Nord Stream 1. According to an FT report,…