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Germany approves gas plan
The German cabinet has approved a draft law to establish a national natural gas reserve. It would be used in exceptional circumstances, such as severe crises, sabotage, and rare major events, to secure supplies—not to shield consumers from rising prices. The reserve would be funded by an additional charge on gas consumers, while responsibility for filling storage facilities and preparing for winter would remain with market participants. Germany did not meet its target of an average storage fill level of 70% by November 1, but the Economy Ministry said gas supplies were guaranteed throughout the winter.
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