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Free Access€406m subsidy offer to fill Bergermeer storage
Netherlands to offer two tenders for €406m subsidy to fill Bergermeer gas storage.
- As much as €406m available to guarantee the price spread between current high prices and lower prices next winter. This is an increase from a previous announcement of a €366m subsidy.
- To reach the EU target of 80% they will fill Bergermeer to 68% capacity. Other storage in Netherlands is aiming for 100% full. Dutch storage is currently only 36.1% full.
- The first tender on 30th May is for uncontracted available capacity of 4TWh.
- The second tender on 7th June is for 16TWh.
- State owned Energie Beheer will also store 11TWh plus any shortfall to make up the 68% capacity.
To read the full story
Sign up now for free trial access to this content.
Please enter your details below.
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.