• Germany’s Habeck: Less than 10% of German gas levy to go to firms that don't need it

Market news

30 August 2022

Germany’s Habeck: Less than 10% of German gas levy to go to firms that don't need it

German Economy Minister Robert Habeck said in an interview on Tuesday that only a small part of the gas levy would go to companies that don't actually need it.

Key quotes

“Less than 10% of the levy, which will be imposed from Oct. 1, would go to "free riders.”

“Companies that are benefiting from the levy even though they are not being hit by Europe's energy crisis are a problem still being worked out.”

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  • France’s Engie: Gazprom is to reduce gas deliveries starting Tuesday
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