Today: Tuesday, 23 April 2024 year

In Germany, the level of occupancy of gas storage facilities exceeded 76%

In Germany, the level of occupancy of gas storage facilities exceeded 76%

The filling level of gas storage facilities in Germany has exceeded 76%, the goal of filling up to three-quarters by September 1 has been achieved, according to the Federal Network Agency.

Germany has previously adopted legislative amendments that oblige gas storage operators to fill them by 95% by November. According to the new resolution, storage facilities must be at least 75% full by September 1, and at least 85% by October 1.

“The overall storage rate in Germany is 76.11%,” the regulator said in a statement.

Since last Friday, the level has risen by 1.72 percentage points. Thus, the plan to fill up to 75% by September 1 was completed ahead of schedule.

The Federal Network Agency notes that gas is being pumped into storage facilities.

It is specified that Germany’s largest underground gas storage facility (UGS) Rehden, which was previously owned by Gazprom through subsidiaries and in which gas was less than 1% of the volume in April, is now 54.76% full. This figure has increased by 2.48 percentage points since last Friday.

According to the regulator, the security of gas supplies in Germany is still guaranteed. As for the Nord Stream, gas flow through it remains at a level of about 20% of its maximum capacity.

The agency noted that wholesale gas prices remain at very high levels due to reduced supply.

“Companies and private consumers should prepare for a significant increase in gas prices,” the agency said.