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France to build new floating terminal to ensure gas supplies this winter

AFP
AFP - [email protected]
France to build new floating terminal to ensure gas supplies this winter
Photo by Ina FASSBENDER / AFP

The French government aims to have its natural gas storage reserves at full capacity by autumn, with European countries bracing for supply cuts from major supplier Russia as the Ukraine war continues, Prime Minister Elisabeth Borne said on Thursday

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"We are ensuring the complete filling of our storage capacities, aiming to be close to 100 percent by early autumn," and France will also build a new floating methane terminal to receive more energy supplies by ship, Borne said.

France is much less dependant on Russian gas than its neighbours, and announced earlier this week that it has not received any Russian gas by pipeline since June 15th.

Meanwhile Germany moved closer to rationing natural gas on Thursday as it raised the alert level under an emergency plan after Russia slashed supplies to the country.

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"Gas is now a scarce commodity in Germany," Economy Minister Robert Habeck told reporters at a press conference.

French PM Borne on Thursday also confirmed that the bouclier tarifaire (price shield) will remain in pace until the end of 2022 - this freezes the price of household gas and limits rises in electricity bills for homes to four percent.

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