Steelmaker Voestalpine builds up gas reserve to tackle shortfalls – CEO

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Steelmaker Voestalpine builds up gas reserve to tackle shortfalls – CEO
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Voestalpine has built up sufficient gas reserves to safeguard three months of production should there be an emergency hit to supplies.

Voestalpine has built up sufficient gas reserves to safeguard three months of production should there be an emergency hit to supplies, the Austrian steelmaker’s chief executive said in an article published on Saturday.in an interview. “That’s 1.5 terawatt hours. In the event of a crisis, that should be enough for three months of full operation.

“We buy gas on an ongoing basis and, for business reasons, have decided to procure the requirement for three months,” Eibensteiner told the newspaper. “In an emergency, this quantity gives us the time we need to process orders and shut down the directly affected production areas in a controlled manner.”

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