German Energy Giant Warns Europe Remains Exposed to Natural Gas Supply Shocks ...Middle East

Despite reducing significantly its dependence on Russian gas, Europe remains exposed to natural gas supply and price shocks as it lacks any buffers in the system, the CEO of Germany’s top utility, RWE, told the Financial Times in comments published on Monday. “But we are not where we need to be because we shouldn’t have an energy supply system which is without any margin or buffer,” RWE’s chief executive Markus Krebber told FT. The lack of buffers continues to expose Europe to shocks and price spikes even with natural…

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