Equinor: Germany to secure gas this winter

Norwegian energy company Equinor stated that Germany, despite its gas storage levels dropping to their lowest in 15 years, will be able to meet its needs this winter for natural gas thanks to diversified import sources. This is especially true following the 2022 crisis that led to the halt of Russian gas supplies via pipelines. The company noted that Germany has established liquefied natural gas (LNG) import terminals and that it will face high prices, as European gas contracts are trading at their highest levels since January 2023, partly due to geopolitical conflicts affecting global gas supplies.

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