Germany and the Czech Republic signed a joint statement on Monday committing to eliminate Russia’s reliance on fossil fuels and expedite the transition to low-carbon energy, as plummeting Russian gas imports threaten European supply security.

On Monday, the largest single pipeline transporting Russian gas to Germany started yearly maintenance, with flows anticipated to cease for 10 days, but governments, markets, and corporations are concerned that the closure may be prolonged due to the Ukraine conflict. more info

“We are going to finalise the agreement on solidarity measures to safeguard the security of gas supply between our countries prior to the start of the upcoming winter season,” the proclamation said.

On a visit to Prague, German Economy Minister Robert Habeck and Czech Industry Minister Jozef Sikela said it was vital to plan for a variety of scenarios, including the possibility that exports via the Nord Stream 1 gas pipeline might not begin when planned maintenance ends on July 21.

Source: Reuters


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