Gas supply
The largest gas storage facility almost empty: “No reason to worry”
There is not much in Germany’s largest gas storage facility. Unlike in 2022, the federal government sees no reason to intervene.
The currently very low level of Germany’s largest gas storage facility in Rehden, Lower Saxony, is “no reason to worry” for the federal government. Other stores have been “very reasonable filling stands,” said Federal Minister of Economics Katherina Reiche (CDU) in Berlin.
The expansion of the LNG terminals and infrastructure can also be used to a wide range. “This is good news for security of supply.” A fifth of Germany’s entire storage capacity is no longer necessary on the pore memory in Rehden.
The reason for the low level is a “great liquidity in the market” in northern Germany, including through the expanded LNG and terminal infrastructure. In the north there are cavern stores that are faster and easier to fill. Therefore, it is “uneconomical to store the reserves in the memory. It is currently not needed.”
Reiche: around 50 percent filled with a gas storage, and the trend is rising
With a total of around 50 percent, the gas storage filling levels are currently lower than in previous years. Reiche cited the colder winter as well as “a very unusual price structure in the gas market”. “Unlike usual, gas prices for summer were sometimes higher than in winter.” That is why there were very low incentives at times to store the gas.
“The memory activities have now increased significantly,” said Reiche. The tendency is rising. The filling stands of 80 or 45 percent for certain pore stores, which are sought for certain pore stores, for certain pore stores, are “still easily accessible” for the 1st November.
“In view of the overall safe supply situation, state filling by Trading Hub Europe is not necessary,” said the minister. Trading Hub Europe (The) is responsible for the German gas market organization as a joint venture between the German long-distance gas management system operators.
dpa
Source: Stern
