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The main reason is concern about energy shortages this winter and the soaring gas and electricity prices since the outbreak of war in Ukraine.
Germany has entered a phase of " sharp, widespread and lasting decline " in its economy, she said.
Inflation still on the rise - nearly 8% in August - and uncertainty about energy supplies and their costs will affect the " energy- intensive " sectors that depend in particular on gas, by harming their exports and their investments, " but also the private consumption and the service providers who depend on it , ” explains the German central bank.
Paris has thus undertaken to strengthen its gas interconnection with Germany to be able to deliver gas to it in anticipation of the winter of 2022/2023 and to help compensate for the fall in Russian gas deliveries. Conversely, Berlin " will put itself in a position to produce more electricity and to bring us (in) in peak situations " , declared Emmanuel Macron.
France had announced that it was able to send a maximum of the equivalent of 5% of its gas consumption to Germany in winter in the event of a shortage, according to the cabinet of the Minister for Energy Transition Agnès Pannier-Runacher.
https://www.latribune.fr/economie/union-...33242.html
Germany has entered a phase of " sharp, widespread and lasting decline " in its economy, she said.
Inflation still on the rise - nearly 8% in August - and uncertainty about energy supplies and their costs will affect the " energy- intensive " sectors that depend in particular on gas, by harming their exports and their investments, " but also the private consumption and the service providers who depend on it , ” explains the German central bank.
Paris has thus undertaken to strengthen its gas interconnection with Germany to be able to deliver gas to it in anticipation of the winter of 2022/2023 and to help compensate for the fall in Russian gas deliveries. Conversely, Berlin " will put itself in a position to produce more electricity and to bring us (in) in peak situations " , declared Emmanuel Macron.
France had announced that it was able to send a maximum of the equivalent of 5% of its gas consumption to Germany in winter in the event of a shortage, according to the cabinet of the Minister for Energy Transition Agnès Pannier-Runacher.
https://www.latribune.fr/economie/union-...33242.html
