High Gas Prices: Party Attacks Katherina Reiche for Half Full Gas Storage
5 Articles
5 Articles
The heating season is not far and the gas storage facilities are only half filled this year. The left demands that Minister Reiche become active.
The German gas storage facilities are as empty as never before and traders have no interest in putting in stock. Why Minister Reiche is still optimistic
Getty Images Germany's gas grid operators have warned that the country's winter storage target is "virtually unachievable," raising concerns that Europe's largest energy consumer could enter the heating season with an unusually thin buffer against supply disruptions. German gas storage facilities are currently at only 50 percent capacity, a drop from nearly 67 percent a year ago. This marks the lowest seasonal level since records began in 2009. …
Low storage levels and price shocks like after the beginning of the Ukraine war: The concern for bottlenecks in winter is growing. However, the German government currently sees no reason to intervene in the gas market itself – which it is relying on instead.
The Left Party has warned of a threat to gas supplies this coming winter in light of international uncertainties in the gas markets. "It's almost unbelievable that Katherina Reiche hasn't abandoned her faith in the market, even when the international gas markets have been completely thrown into disarray by the wars between Russia and the USA," Jörg Cezanne, the party's energy policy spokesperson, told the Rheinische Post. "To rely on a mild wint…
Coverage Details
Bias Distribution
- 100% of the sources lean Left
Factuality
To view factuality data please Upgrade to Premium
