“We are considering a scenario that this winter we will be able to provide both Germany and Europe,” RIA Novosti quotes him.

Brudermüller expects the gas situation to be eased by Uniper's launch of an LNG terminal on the North Sea coast in Wilhelmshaven.

He also counts on a possible restart of coal-fired power plants.

“We are in a crisis, but not in a panic,” said the head of BASF.

The day before, the German regulator assessed the situation with gas supplies as tense.

In early July, Bloomberg reported that German banks fear massive defaults due to the situation with Russian gas supplies.