Significantly less Russian natural gas has been flowing to Germany through the Nord Stream Baltic Sea pipeline for the past few days. The concern of the competent authority is reflected for the first time in its daily report.
For the first time since the end of March, the Federal Network Agency has described the situation as “tense” in its daily report on gas supply. “The gas supply in Germany is stable at the moment,” the authority wrote in its report. Security of supply in Germany is currently guaranteed.
The reason for the revaluation is a lower gas delivery volume through the Baltic Sea pipeline Nord Stream in the past few days. The Russian state-owned company Gazprom had throttled the flow to 40 percent of the maximum output and justified this with delays in the repair of compressor turbines.
Other countries are also affected
“Since the middle of the week, this reduction has also affected the transfer of gas to other European countries such as France, Austria and the Czech Republic.” The authority has been preparing the management report almost daily since March 31. It is currently published Monday through Friday.
The companies affected by the lack of deliveries could currently procure the gas quantities, it said. Germany’s largest importer of Russian natural gas, Uniper, reported that around 60 percent less gas than announced had arrived on Friday. “Since the beginning of the week, less and less has come than what we have registered,” said a spokesman. At the moment, the missing amount is being replaced by other sources. We are in close contact with the German government.
Fill level of all German storage increased
The network agency emphasized that gas can still be stored at the moment. Compared to Thursday, storage has increased slightly. According to the latest figures, the filling level of all German storage facilities has climbed to over 56 percent. The goal is 90 percent by November 1st.
After price jumps in the past few days, the wholesale gas price rose only slightly on Friday. On the Dutch trading platform TTF, natural gas to be delivered cost EUR 125.50 per megawatt hour in July in the afternoon after EUR 124.40 the day before. On Monday the price was 83.40 euros and on Wednesday a week ago it was 79.40 euros. Experts anticipate that the increased procurement prices will, with a delay, also cause sharply rising prices for consumers.
Source: Stern
Jane Stock is a technology author, who has written for 24 Hours World. She writes about the latest in technology news and trends, and is always on the lookout for new and innovative ways to improve his audience’s experience.
