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Germany to Scrap Gas storage Levy at Border From 2025

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Germany will scrap the gas storage levy at its border starting from January 2025, after receiving pressure from European neighbouring states, according to Sven Giegold, Germany’s state secretary for economic affairs and climate action, cited by Bloomberg.

  • The planned increase in the levy to €2.50/MWh in July, from €1.86/MWh currently is still going to take place, Giegold said.
  • Germany has been criticised by its eastern neighbours, saying the levy made importing gas from the West more expensive, which is especially problematic in light of the anticipated halt of Russian gas flows via Ukraine to Europe.
  • The end of the levy will need a change to the law, Giegold said.
  • “It was never our intention to hamper the diversification away from Russian gas,” Giegold said. “The German budget will continue to invest in LNG facilities to support the diversification.”
  • Analysts told Montel this week that lost Russian supplies are likely to be secured via Italy from its North African supplies and from Germany, but to a lesser extend, due to the country’s levy on gas exports, analysts said.
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Germany will scrap the gas storage levy at its border starting from January 2025, after receiving pressure from European neighbouring states, according to Sven Giegold, Germany’s state secretary for economic affairs and climate action, cited by Bloomberg.

  • The planned increase in the levy to €2.50/MWh in July, from €1.86/MWh currently is still going to take place, Giegold said.
  • Germany has been criticised by its eastern neighbours, saying the levy made importing gas from the West more expensive, which is especially problematic in light of the anticipated halt of Russian gas flows via Ukraine to Europe.
  • The end of the levy will need a change to the law, Giegold said.
  • “It was never our intention to hamper the diversification away from Russian gas,” Giegold said. “The German budget will continue to invest in LNG facilities to support the diversification.”
  • Analysts told Montel this week that lost Russian supplies are likely to be secured via Italy from its North African supplies and from Germany, but to a lesser extend, due to the country’s levy on gas exports, analysts said.