BMW, BASF Eye Gas Consumption Moves as Government Activates Plan
- Chemicals maker BASF may reduce output after gas prices jump
- BMW may cut use of its gas-fired power plants to save fuel
An assembly line at BMW in Munich, Germany.
Photographer: Christof Stache/AFP/Getty Images
This article is for subscribers only.
BMW AG and BASF SE are taking steps on their gas consumption in response to dwindling supplies from Russia that prompted Germany to activate the second stage of its emergency plan.
Europe’s biggest chemicals maker, which relies on gas for production and electricity, said it may cut production as it expects further price rises as utilities buy more, according to a statement Thursday. Power suppliers are obligated to cover contracts to customers.