Energy supply: Gas storage in Germany: Buffer for quantities and prices

Energy supply: Gas storage in Germany: Buffer for quantities and prices

At the moment, the filling level of the German storage tanks is almost 59 percent. In the fall it should be 90 percent – but there are fears.

Germany has the largest storage capacities for natural gas in Central and Western Europe. According to the Ines industry association, they hold gas with an energy content of around 255 terawatt hours.

This corresponds to about a quarter of the annual gas consumption in Germany. According to the new storage law, they should be 90 percent full by November 1st.

The storage facilities compensate for fluctuations in gas consumption and thus form a kind of buffer system for the gas market. They are usually well filled when the heating season begins in autumn. The filling levels decrease until spring. On cold winter days, up to 60 percent of gas consumption in Germany is covered by German storage facilities.

At the moment, the filling level of the German storage is almost 59 percent. There are fears that 90 percent may not be reached by the fall due to reduced supplies from Russia.

In Germany there are 47 underground storage facilities at 33 locations operated by around 25 companies. The largest storage operator is the energy group Uniper, which accounts for around a quarter of Germany’s storage capacity.

However, the largest individual storage facility is operated by a subsidiary of Gazprom Germania, which has been managed in trust by the Federal Network Agency since the beginning of April. It is located in Rehden in Lower Saxony. It accounts for around a fifth of German capacity.

Source: Stern

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