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Berlin wants to reduce gas use by 2% with new regulations - officials

BERLIN (Reuters) - New measures to reduce Germany's gas consumption by 2% require strict cutbacks by public and private users as Europe battles a sharp reduction in Russian gas...
Berlin wants to reduce gas use by 2% with new regulations - officials © Reuters. An open-grid gas pipeline is pictured amid the energy crisis due to the Russian invasion of Ukraine in Troisdorf, near Bonn, Germany, July 19, 2022. REUTERS/Wolfgang Rattay

BERLIN (Reuters) - New measures to reduce Germany's gas consumption by 2% require strict cutbacks by public and private users as Europe battles a sharp reduction in Russian gas supplies, government officials said on Friday.

Economy Minister Robert Habeck told the Sueddeutsche Zeitung newspaper last week the state would order certain energy savings measures such as only heating public buildings to a maximum of 19 degrees Celsius (66.2°F).

Under the new measures, corridors or big halls should not be heated at all, except in hospitals or care homes, ministry officials told Reuters. Private pools may no longer be heated while the illumination of buildings and memorials should be switched off to save on electricity.

Illuminated advertisements should also be turned off from 2200 to 0600 each day.

Around half of German households rely on gas for their heating and some 13% of electricity is derived from the fossil fuel. Gas also accounts for a third of industry's energy. In recent years, half of that gas has come from Russia.

Germany needs to reduce gas consumption by 20% compared to before the crisis sparked by a stand-off with Russia over its invasion of Ukraine, to get through the winter without resorting to gas rationing.

Savings in the industrial and housing sector are expected to reduce consumption by 5-10% and the replacement by gas-fired power plants by coal-fired ones by another 3-5%. Consumption has already shrunk by up to 8% given high gas prices.

Germany will also be relying on gas storage facilities and liquid natural gas (LNG) terminals to get through the cold winter months when gas usage usually goes up.

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29-09-2022 04:25:31 (UTC+7)

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 EUR/USD0.9739↑ Buy
 GBP/USD1.0886Buy
 USD/JPY144.10Buy
 AUD/USD0.6525↑ Buy
 USD/CAD1.3607↑ Sell
 EUR/JPY140.34↑ Buy
 EUR/CHF0.9500↑ Buy
 Gold1,668.50↑ Buy
 Silver18.890↑ Buy
 Copper3.3805↑ Sell
 Crude Oil WTI81.88↑ Sell
 Brent Oil87.86Neutral
 Natural Gas7.022Neutral
 US Coffee C227.80↑ Sell
 Euro Stoxx 503,335.30Neutral
 S&P 5003,719.04↑ Sell
 DAX12,183.28Neutral
 FTSE 1007,005.39Neutral
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 IBEX 357,442.20Neutral
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 Bayer48.19Neutral
 Allianz160.72↑ Buy
 Adidas130.24↑ Buy
 Lufthansa5.772↑ Buy
 Siemens AG99.46↑ Buy
 Deutsche Bank AG7.854↑ Sell
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