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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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31-03-2024 10:19:50 (UTC+7)

EUR/USD

1.0793

+0.0006 (+0.06%)

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EUR/USD

1.0793

+0.0006 (+0.06%)

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GBP/USD

1.2624

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USD/JPY

151.38

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AUD/USD

0.6522

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USD/CAD

1.3543

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EUR/JPY

163.37

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0.9738

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2,254.80

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86.99

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5,082.85

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7,952.62

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16,541.42

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US Small Cap 2000

2,120.15

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11,074.60

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52.930

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28.43

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207.00

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 EUR/USD1.0793Sell
 GBP/USD1.2624Sell
 USD/JPY151.38↑ Buy
 AUD/USD0.6522Sell
 USD/CAD1.3543Buy
 EUR/JPY163.37↑ Sell
 EUR/CHF0.9738↑ Buy
 Gold2,254.80Buy
 Silver25.100↑ Buy
 Copper4.0115↑ Buy
 Crude Oil WTI83.11↑ Buy
 Brent Oil86.99Neutral
 Natural Gas1.752↑ Sell
 US Coffee C188.53↑ Sell
 Euro Stoxx 505,082.85↑ Sell
 S&P 5005,254.35↑ Sell
 DAX18,504.51↑ Buy
 FTSE 1007,952.62↑ Sell
 Hang Seng16,541.42Neutral
 Small Cap 20002,120.15Neutral
 IBEX 3511,074.60↑ Sell
 BASF52.930↑ Buy
 Bayer28.43Buy
 Allianz277.80↑ Buy
 Adidas207.00↑ Buy
 Lufthansa7.281↑ Sell
 Siemens AG176.96↑ Buy
 Deutsche Bank AG14.582↑ Buy
Mua/Bán 1 chỉ SJC
# So hôm qua # Chênh TG
SJC Eximbank7,910/ 8,080
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SJC HCM7,830/ 8,080
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Cập nhật 31-03-2024 10:19:52
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KRW15,9119,28
Cập nhật lúc 10:12:31 31/03/2024
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