Free Trial

German Storage Filling Faster than Planned


Germany's gas storage facilities are filling up faster than planned according to Economy Minister Robert Habeck

  • "The reservoirs are filling up faster than specified," with hope the 85% October target could be reached by the beginning of September.
  • The government has targeted gas storage levels of 75% by Sep 1, 85% by Oct 1 and 95% by Nov 1. German storage was showing at 82.74% in data for Aug 27.
  • The German gas regulator last week warned that winter gas storage targets would be difficult to meet with later targets not expected to be reached as quickly.
  • Russian gas accounted for 9.5% of Germany's gas consumption in August down from 55% last year according to Der Spiegel.

To read the full story



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.