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Free AccessGerman Gas Savings Fall Short of Target
German gas users, both households and businesses, saved too little gas in the second half of January according to the network regulator.
- Gas consumers only saved 8.6% in the last week of January compared to the average use between 2018 and 2021, and 14% when taking colder temperatures into account.
- The regulator has said consumption needs to be cut by 20% to help offset the lack of supplies from Russia.
- German gas storage of 78% is well above the target of 40% by Feb 1 but the regulator wants to keep stocks as high as possible to prepare for next winter where they may not benefit from such warm temperatures.
To read the full story
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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.