Germany is concerned about the lack of gas needed in the future

Despite filling up Germany's gas reserves,… the Federal Network Agency still warned of gas shortages in the coming winter due to some developments, including the sharp reduction in European gas imports from Russia, and called for more savings. After Russia's attack on Ukraine, America and its allies subjected Russia to extensive sanctions. The sanctions of the United States and its allies against Russia, despite all these measures, the West fears that the intensification of sanctions against Russia in economic sectors, especially in the oil and gas sector, will further disrupt economic conditions of Europe and the global energy markets.

According to Rashatoday, the group of German gas storage operators known as "INES" has announced that the country will face a gas shortage in the coming years unless it builds more infrastructure to store this fuel. According to the group, although gas reserves are currently on the rise and about 90% full, a cold winter could still pose a threat to Germany's energy security. In this regard, Sebastian Belschke, the head of "Ines", said: "The risk of gas shortages during low temperatures still exists and will accompany us until the winter of 2026-2027, unless further measures are taken infrastructural". According to the group, if the next winter is cold, the stored gas could run out by the end of January 2024. Germany, which depended on Russia for 40% of its gas demand until 2022, is one of the countries that has been hit hard by the decrease in energy imports from Russia last year. Gas prices continue to rise on European stock markets,... amid fears of declining gas exports to European countries.

With the beginning of the war in Ukraine, the United States and its allies imposed extensive sanctions on Russia in various areas, which had the opposite effect, and rising energy costs in the countries of the European continent led to inflation and a record rise in prices for the people of these countries. According to the RT website, today in Europe the price of natural gas has increased by 5 and 9 percent and has reached around 480 dollars per thousand cubic meters. The price of gas rose 31.7% to $471 per thousand cubic meters, the highest daily increase since March 2022. Markets are awaiting developments in Australia, which could see a workers strike next week which could disrupt 10% of global LNG exports. US-led Western sanctions against Russia continue to escalate, but Russia has been able to grow its revenue by managing its economy and financial resources, addressing the costs of war, and becoming the world's fifth largest economy in 2022.