Exclusive: German insurers Allianz and Munich Re have renewed cover for the damaged Russia-controlled Nord Stream 1 gas pipeline, indicating that its revival has not been ruled out after an alleged sabotage attack
have fallen from around 40% of EU gas supply to less than 10% since Russia's invasion of Ukraine began in February last year."Russia showed everyone last year that it is not a reliable partner," said the spokesperson. "We need more renewable energies and must become independent of fossil imports."
Veronika Grimm, one of the government's chief economic experts who advises the chancellery, said Germany's previous policy of relying on cheap Russian gas to support its economy and build political ties was no longer viable. In September 2022, several unexplained underwater explosions ruptured the Nord Stream 1 and newly-built Nord Stream 2 pipelines, each more than 1,200-km-long, that link Russia and Germany across the Baltic Sea.
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