Germany should reduce gas use in power generation to preserve supplies – industry

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FRANKFURT, May 6 (Reuters)Germany must increase the use of coal and nuclear while sparing the burning of gas in power generation to help protect the industry in case Russia cuts supplies, a group representing the energy-intensive manufacturers.

“There is an urgent need to reduce natural gas consumption immediately, in order to preserve storage volumes and achieve the objective of the highest possible filling levels in autumn 2022,” said the Verband der Industriellen Energie- & Kraftwirtschaft (VIK). A declaration.

“It is worrying that more than two months after the start of the war (in Ukraine), there are still no visible concrete efforts in Germany to increase electricity production from non-functioning power plants. natural gas,” he said.

Europe’s largest economy currently depends on piped Russian gas for almost a third of its supply. These imports totaled 142 billion cubic meters (bcm) in 2021, when Germany’s power generation sector depended on gas combustion for 15% of its output.

VIK, which represents 300 companies representing 90% of German industrial production, said the use of coal and lignite power plants should be temporarily extended during the crisis, while stressing that it remained committed to protection objectives. longer term climate.

Nuclear power should be given another critical review before the remaining three reactors are phased out at the end of 2022, he said.POWER/OF

Coal-fired power plants in reserve mode should be allowed to market their output, and shutdown dates for lignite-fired power plants in the next two years should be pushed back to 2024.

A third of the gas used in Germany is for its export-oriented industry, and half of German homes depend on gas for heating. Domestic gas production provides only 5% of the volumes needed.

The industries most concerned about insufficient gas for their production processes are automotive, chemical, food, metals, paper, glass, and machinery manufacturing.

(Reporting by Vera Eckert, editing by Miranda Murray and Susan Fenton)

((vera.eckert@thomsonreuters.com; +49 30 2201 33654; @EckertVera;))

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


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