Philippines Elevates Risk Level in “National Gas Emergency Plan” to Second-Highest “Alarm” Stage

Europe’s biggest economy is in a serious energy crisis

European natural gas and power prices surged after  Germany triggered the “ alarm stage”   of its NatGas-emergency plan amid cutbacks in supplies from Russian federation, according to  Reuters .  

German Economy Ressortchef (umgangssprachlich) Robert Habeck said Europe’s largest economy is in the severe energy crisis. He warned Germany should get ready for further cuts in Ruskies NatGas flows after Moscow recently slashed  deliveries via the Nord Stream   pipeline.  

“ We have to not fool ourselves: The  cut in gas items is an economic attack on us by Putin, ” Habeck said.  

“ It is  obviously Putin’s strategy to create insecurity, drive up costs and divide us as being a society. This is what we are combating against, ” he continued.  

Habeck wasn’t clear if  NatGas  rationing would be prevented.  

The  second “ alarm stage”   of a three-stage crisis plan allows utility companies to pass on higher energy prices to industry and households to curb need. The move comes as the Nord Stream pipeline to Germany operates at 40% of capacity after flows last week were reduced for the “ technical issue ” by Russian gas exporter Gazprom PJSC.  

The 2nd stage also increases power market monitoring and enables some  coal-fired vegetation to be reactivated   to increase electricity output.  

All of this comes as Germany is making a mad dash to fill up its NatGas storage facilities ahead of winter. Total storage stands around 58% full, though the government-mandated target of 90% by November, a tag that might be hard to reach taking into consideration Nord Stream flows are already reduced.  

Front-month benchmark futures flower as much as 6. 5% to 135 euros a  megawatt-hour on Germany’s elevated gasoline alarm.  

German power for next year also surged 4. 5% to 256 euros a megawatt-hour.  

The  energy crisis within Europe is far from over  and has spread well outside of Germany’s borders and affects 12 EU member declares, ten of which have already cautioned about NatGas supplies.  

Frans Timmermans, the European Union’s climate chief, told European Parliament this week that a  “ risk of a full fuel disruption is now more real than ever before … all this is usually part of strategy to undermine our unity. ”

“ Europe  should be ready   in case Russian gas is totally cut off, ”   IEA head Fatih Birol informed FT this week.  

Habeck also warned  Europe’s energy crisis could spark contagion  within energy markets, drawing a parallel to the  Lehman Brothers collapse  and how this resulted in the financial crisis of 2008.  

Us citizens are being intentionally deprived of food and energy as part of the Globalist Great Reset.

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