Germany May Need More Than $15 Billion To Solve Its Gas Crisis

The $15.7 billion (15 billion euro) that Germany has extended as a credit line for gas purchases this summer may not be enough to help Europe’s biggest economy reach adequate levels of gas storage by the winter, according to the head of the German federal network agency, Bundesnetzagentur. If Russian gas to Germany stops flowing after the end of Nord Stream’s regular two-week maintenance beginning on July 11, the country would see gas shortages through the autumn, the winter, and next spring, the agency’s president Klaus Müller…