BERLIN — Europe’s reserves of natural gas are running dangerously low, risking fresh energy woes if the Iran war rages on and cold spells drive up heating demand over winter.
But the continent’s top energy user doesn’t seem too bothered.
Germany is the EU’s biggest vulnerability because its sheer size means gas shortfalls there could be felt in neighboring countries, driving up prices across the bloc if it fails to restore its reserves.
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That’s prompted growing calls for Berlin to do the unthinkable: intervene outright to direct its state-controlled energy giants to buy gas at any price, abandoning years of free-market doctrine on energy policy.
