Volkswagen has gas supplies for winter but could see shortages next year – Reuters

September 22, 2022 by No Comments

The logo of carmaker Volkswagen Commercial Vehicles is pictured at the IAA Transportation fair, which will open its doors to the public on September 20, 2022, in Hanover, Germany, September 19, 2022. REUTERS/Fabian Bimmer

Register now for FREE unlimited access to Reuters.com

BERLIN, Sept 22 (Reuters) – Volkswagen (VOWG_p.DE) should be able to maintain production in the next 5-6 months if Germany continues to fill its gas reserves, but rising energy prices and instability in supply chain networks present a risk to global production, an executive said on Thursday.

If gas deliveries to Germany from Russia through the Nord Stream 1 pipeline do not resume, the carmaker expects natural gas shortages from June of 2023, the executive, who declined to be named, added, basing his forecast on a Goldman Sachs study of gas supplies to Germany.

With Russian gas flows down sharply in response to European sanctions against Moscow over the invasion of Ukraine, Germany is scrambling to secure energy supplies from elsewhere.

Register now for FREE unlimited access to Reuters.com

European gas storages are now 85.6% full, with stocks in Germany close to 90%, data from Gas Infrastructure Europe showed, but what the picture will look like after winter is less clear.

Planned short-term measures to protect from shortages of components include stocking up in warehouses and transport pipelines like ships and trains. Mid-term solutions could include relocating production to other regions.

<p data-testid="paragraph-5" class="text__text__1FZLe text__dark-grey__3Ml43 text__regular__2N1Xr text__large__nEccO body__base__22dCE body__large_body__FV5_X article-body__…….

Source: https://www.reuters.com/business/autos-transportation/volkswagen-says-gas-supply-stable-this-winter-could-see-shortages-next-year-2022-09-22/

Tags:

Leave a Comment

Your email address will not be published.