E.ON: alert level deemed 'comprehensible'

(CercleFinance.com) - In reaction to the current reduction in Russian gas flows to Germany and the associated uncertainties, E.
ON describes the German government's decision to declare the alarm level ("Alarmstufe") as "comprehensible".

"Declaring the alert level does not change the basic status quo for the time being. In its daily report, the Federal Network Agency (Bundesnetzagentur) classifies the gas supply situation as tense but stable," the energy group says.

E.ON says the supply of gas to its customers in Germany "continues to be reliable and secure" and that its gas volumes contracted by E.ON on the European energy wholesale markets are currently provided by the suppliers in accordance with contracts signed.

"In the current situation, it is crucial that the German government now creates the necessary framework conditions for a possible scenario of a significant reduction in gas import volumes," E.ON warns, however.


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