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German Regulator Update

NATURAL GAS

The latest update from the German gas regulator says supply is stable but further worsening of the situation cannot be ruled out

  • Gas flows from the Nord Stream 1 pipeline are currently at about 40% of their maximum capacity. A reduction in the volume of gas supplied via the Nord Stream 1 pipeline to 20% from tomorrow, Wednesday 27 July, has been announced.
  • If Russian gas supplies via the Nord Stream 1 pipeline persist at this low level, it will hardly be possible to achieve a storage level of 95% by November without additional measures.
  • The reduction is also affecting the transfer of gas to other European countries such as France, Austria and the Czech Republic.
  • So far gas is still being injected into storage. The total storage level in Germany is 66.4%.
  • Wholesale prices have increased considerably. Companies and private consumers must expect a considerable increase in gas prices
Energy BulletsCommodities
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