Germany activated the second phase of its three-stage emergency plan for natural gas supplies Thursday, saying Europe's biggest economy faces a “crisis” and warning that storage targets for the winter are at risk due to dwindling deliveries from Russia.
The government said the decision to raise the level to “alarm” follows the cuts to Russian gas flows made since June 14 and surging energy prices exacerbated by the war in Ukraine. The third and highest stage is the “emergency” level.
