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BERLIN, June 5 (Reuters) – Russia’s sanctions in opposition to Gazprom Germania and its subsidiaries may value German taxpayers and fuel customers an additional 5 billion euros ($5.4 billion) a 12 months to pay for alternative fuel, the Welt am Sonntag weekly reported, citing business representatives.
In Might, Russia determined to cease supplying Gazprom Germania, which had been the German subsidiary of Gazprom, after Berlin put the corporate beneath trustee administration because of Russia’s invasion of Ukraine. learn extra
Since then, the Bundesnetzagentur vitality regulator, performing as trustee, has had to purchase alternative fuel available on the market to fulfil provide contracts with German municipal utilities and regional suppliers.
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The financial system ministry estimates an additional 10 million cubic meters per day are required, mentioned a ministry spokesperson, confirming a quantity cited by the newspaper.
“The portions are procured available on the market and at market costs. No info will be given on the precise quantities because of business confidentiality,” mentioned the spokesperson in an emailed response.
Welt am Sonntag mentioned the present value could be about 3.5 billion euros a 12 months and that additional prices may come up from the filling of the Rehden pure fuel storage facility which Economic system Minister Robert Habeck ordered on Wednesday, it mentioned.
The paper additionally mentioned the extra prices could be handed on to vitality suppliers and finish prospects within the type of a fuel levy from October.
The ministry spokesperson mentioned provides weren’t in danger.
($1 = 0.9330 euros)
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Reporting by Madeline Chambers
Modifying by Mark Potter and Raissa Kasolowsky
Our Requirements: The Thomson Reuters Belief Ideas.
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