Federal Ministry for Economic Affairs and Climate Action in Germany Tuesday announced the state is working to salvage troubled energy companies through government aid, according to DW.
The German Cabinet has paved the way for legislative amendments that would provide the expansion of the “tool box” for potential energy-saving measures.
Economy Minister Robert Habeck said: “The situation in the gas market is tense, and unfortunately, we cannot rule out its deterioration. We must prepare ourselves for an exacerbated situation.”
Habeck noted that efforts should maintain basic supplies in the coming winter and to keep energy markets running for as long as possible despite the high prices and risks.
The measures come against the backdrop of dwindling Russian gas supply through the Baltic Sea pipeline “Nord Stream 1”, which caused the largest importer in Germany of Russian natural gas “Uniper” to request state support.
Source: Jordan News Agency