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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.
NATGAS
The German gas storage neutrality charge in place to recoup money spent purchasing strategic gas reserves has been extended to March 2027 according to Timera Energy.
- The levy, implemented in Oct 2022 increased from €1.45/MWh in H2-23 to €1.86/MWh over H1-24 with the end date extended from Dec 2024 to March 2027.
- The levy was extended to all allocation exit quantities at cross-border interconnection and virtual interconnection points from January 2023.
- As of Dec. 2023, Germany still needed to recover €8.5bn according to Reuters.
- An outsized impact is expected on CEE countries amid access to global LNG markets via new German LNG import terminals, according to Timera.
- Larger intra-European hub differentials could be expected and could be exaggerated if the mechanism is mirrored by other countries.
- The EC has however asked for a review by ACER to examine whether the tariff distorts the bloc's single market in a possible breach of competition rules.
Source: Timera Energy
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.
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