Financial Times FT.com

Germany ponders strategic gas reserve

By Chris Bryant in Berlin

Published: September 5 2008 03:00 | Last updated: September 5 2008 03:00

Germany is considering the construction of a strategic gas reserve to guard against a cut in supplies, a sign of growing anxiety in Berlin over the country's precarious dependence on Russian energy.

Germany relies on Russia for more than 40 per cent of its natural gas imports but, unlike for oil, there is currently no national gas reserve in the event of a supply shock.

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