MNI BRIEF: China Rail Freight Up During First Two Months

MNI: PBOC Net Drains CNY4.3 Bln via OMO Friday

MNI: PBOC Sets Yuan Parity Higher At 7.1738 Fri; -0.60% Y/Y

MNI China Press Digest March 14: PBOC, SSE, USD Products

MNI INTERVIEW2: Policy Lag Justifies Faster CNB Easing - Holub

MNI China Daily Summary: Thursday, March 13

EZ/UK Bond Supply Calendar: SlovGB Auction Monday

US EIA:NAT GAS STORAGE -62 BCF TO 1,698 BCF MAR 07 WK

MNI: US FEB FINAL DEMAND PPI +0.0%, EX FOOD, ENERGY -0.1%

GERMANY: Union/SPD Migration Alignment After Turmoil Threatened Debt Deal (BILD)

GERMANY: Official Interim Election Results Tilt Towards Missing BSW & FDP

© 1982-2025 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

NATGAS: Germany Requests to Be Exempt from EU Gas Storage Target

NATGAS
CommoditiesEnergy BulletsEurozoneGermanyCEEMEABulletPower Bullets

Germany is requesting to be exempt from the EU’s gas storage filling targets this year, representatives stated in a meeting of the Gas Coordination Group, according to Bloomberg. 

  • Traders’ expectation is that the EU will ensure that member states will reach the current target. Germany urges the bloc to damp these expectations, the sources added, which is likely to offer some relief to EU gas prices.
  • Other countries that seem supportive of relaxing the targets are France, the Czech Republic, Italy, Austria, Denmark, Spain and Greece according to the sources.
  • A group of European nations has been pushing the European Commission this week to allow more flexibility on this year’s gas storage targets, with at least six countries in support of relaxing this year’s target, Bloomberg reported previously.
  • This is adding to separate discussions about increasing flexibility of reaching targets in future years.
  • The EC said that sufficient flexibility was already in place, which allows for a 5% deviation from intermediary targets, while the 90% full requirements can be extended by one month.
  • The current EU target aims inventories to reach 90% by 1 November. 
185 words

To read the full story

Close

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.

Germany is requesting to be exempt from the EU’s gas storage filling targets this year, representatives stated in a meeting of the Gas Coordination Group, according to Bloomberg. 

  • Traders’ expectation is that the EU will ensure that member states will reach the current target. Germany urges the bloc to damp these expectations, the sources added, which is likely to offer some relief to EU gas prices.
  • Other countries that seem supportive of relaxing the targets are France, the Czech Republic, Italy, Austria, Denmark, Spain and Greece according to the sources.
  • A group of European nations has been pushing the European Commission this week to allow more flexibility on this year’s gas storage targets, with at least six countries in support of relaxing this year’s target, Bloomberg reported previously.
  • This is adding to separate discussions about increasing flexibility of reaching targets in future years.
  • The EC said that sufficient flexibility was already in place, which allows for a 5% deviation from intermediary targets, while the 90% full requirements can be extended by one month.
  • The current EU target aims inventories to reach 90% by 1 November.