Germany says gas stocks rising quicker than expected

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BERLIN, Aug 29 — Germany is replenishing its gas stocks more quickly than expected despite drastic Russian supply cuts and should meet an October target early, the government...

BERLIN, Aug 29 — Germany is replenishing its gas stocks more quickly than expected despite drastic Russian supply cuts and should meet an October target early, the government said Sunday.

Last week, Germany’s energy regulator the Federal Network Agency said the country was unlikely to meet its goals. “Despite the difficult circumstances... the reserves are filling up more quickly than expected,” Economy and Climate Minister Robert Habeck said in a statement. Gas flows from the main pipeline, Nord Stream, fell to 20 per cent, with the European Union accusing Moscow of using energy as a weapon in its stand-off with the West over Ukraine.

 

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