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Germany Likely to Miss Gas Storage Targets: Regulator

NATURAL GAS

The German energy regulator said today that Germany is likely to miss a November target for gas storage levels.

  • Germany has already hit its first target for gas storage facilities to be 75% full by Sept. 1. The next goals are for storage levels to be at 85% by Oct. 1 and 95% by Nov. 1.
  • "I don't expect we will achieve the next storage targets as quickly as the first one," Klaus Mueller, head of the Bundesnetzagentur, told t-online.
  • "In all our scenarios, we will miss an average filling level of 95% from Nov. 1. We will barely be able to do that because individual storage systems have started from a very low level," he said.
  • "It's not just about one winter, it's about at least two and the next winter could be even tougher," he said.
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