Economy

Germany says gas stocks rising quicker than expected

Follow-ups -eshrag News:

Sun, 2022-08-28 20:41

BERLIN: 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 on Sunday.

Europe’s largest economy is heavily dependent on Russian gas and has raced to bolster its reserves before winter after deliveries from Russia plummeted following the outbreak of war in Ukraine.

Last week, Germany’s energy regulator the Federal Network Agency said the country was unlikely to meet its goals.

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