The war against Iran is affecting Germany's gas-dependent industry, with natural gas prices increasing by up to 60% after an attack on LNG facilities in Qatar. Claudia Kemfert from DIW warns of a catastrophic situation that could hit the country's economy and chemical industry hard, especially as gas storage levels are already unusually low. Despite diversification efforts, Germany remains strongly dependent on gas, which further complicates the situation.
warns of a catastrophic situation that could hit the country's economy and chemical industry hard, especially as gas storage levels are already unusually low