Equinor: Germany to ensure gas supply this winter
An executive from the Norwegian company Equinor stated that Germany, despite running low on gas reserves to the lowest level in 15 years, will be able to meet its natural gas needs for this winter. However, it should be prepared for rising prices. The company emphasized the importance of diversifying energy import sources after the 2022 crisis, noting that Norway has become Germany’s largest gas supplier, with the establishment of facilities for importing liquefied natural gas (LNG). As gas reserves continue to decline by 53%, it is expected that the country will remain able to import the necessary quantities. Nevertheless, high prices still pose a threat, especially in extremely cold weather, as European gas prices have been rising since January 2023 due to challenges in LNG supplies—particularly with the impact of the US-Iran war on Qatar’s exports.
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