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Germany revamps 1975 oil crisis law in face of new energy supply threats
(EurActiv, 26 Apr 2022) The German government has decided to revamp its energy security act from 1975. The update will allow the executive to expropriate operators of critical infrastructure while authorities will be given “far-reaching options for action to manage crises.”
The update to Germany’s 1970s oil shock bill is being fast-tracked as a deadline set by Russia approaches when the country will only accept roubles for its gas deliveries.
“Russia’s war of aggression on Ukraine, which violates international law, has led to a tense energy situation. Prices are high, uncertainty is great, risks are present. We must therefore prepare ourselves for the situation to come to a head,” explained vice-chancellor Robert Habeck.
“Therefore, with the amendment to the energy security act, we are once again significantly sharpening our instruments and bringing them up to date,” he added.
With gas stores 33% full, being prepared for the worst-case scenario is at the heart of the historic revamp.
“This will enable us to strengthen crisis preparedness and act quickly and comprehensively. It is a matter of doing everything possible to maintain basic supplies,” the vice-chancellor said.
Already, Habeck has called on German citizens to conserve energy. “I ask everyone to make a contribution to saving energy right now,” he told Funke Media Group on 14 April.
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EurActiv, 26 Apr 2022: Germany revamps 1975 oil crisis law in face of new energy supply threats
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