News
Germany faces gas supply ‘crisis,’ declares alarm level
BERLIN (AP) — Germany activated the second phase of its three-stage emergency plan for natural gas supplies Thursday, saying the country faces a “crisis” and warning that storage targets for the winter are at risk due to dwindling deliveries from Russia.
Related Knowledge Center: Energy security and pricing
State of Play
The United States achieved net energy independence in 2020, but that has not insulated the nation from the roiling of energy markets in the wake of the Russian invasion of Ukraine. Europe has been a large consumer of Russian natural gas, and the effort to wean itself, with the help of the United States, has strained markets and endangered global efforts to address the climate crisis.