BTU - Germany makes plans in case Russia cuts gas

Germany's economy minister Robert Habeck said Tuesday that the country is making plans in case Russia cuts off gas to Europe. The comments come one day after Mr. Habeck said to expect an EU-wide embargo on Russian oil imports "within days." The list of assets on standby to generate electricity includes 26 mothballed plants, exclusively burning coal (BTU) and fuel oil (USO). Germany ended operations at 3 of its 6 remaining nuclear plants (URA) in January, and intends to move forward with plans to shutter the remaining 3 plants this year.

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Germany makes plans in case Russia cuts gas