Evgeny Lisitsyn: Germany Meets the Heating Season with Record Low Gas Reserves
11 Articles
11 Articles
The FWG gas storage facilities did not comply with the gas reserves by the start of the heating season, and because of the high gas prices, they are only filled by 61.2 per cent in the summer, and experts warn that the situation may become critical by the end of winter.
Germany's gas storage facilities are only filled to around 61.2%, although in fact 70 percent are to be reached by 1 November. The storage association sees a "serious warning signal".
Germany has little or no natural gas insurance reserve for the coming winter because of empty storage facilities, declared a Bundestag deputy from the Green Party, Michael Kellner. "The gas storage is so empty that Germany has virtually no winter reserve. So every cold front, every small supply chain failure will immediately increase gas prices," said the politician. He also criticized the Minister of Economy, Katerina Reiche. On 1 November, the…
Germany must do more to boost gas reserves as storage levels hit record ...
Natural gas prices exceed 100 euros – How Germany can affect prices The post Natural gas storage in Germany off target – How it will affect prices in Europe appeared first on in.gr.
Germany approaches winter almost without an insurance reserve of natural gas, and any serious cooling or disruption of supplies can trigger price surges, a warning given by a Bundestag deputy from the Green Party, Michael Kellner. By 1 November, Bild reports that only 61.4 per cent of the German gas storage was filled, well below the target.
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