Free Trial
USDCAD TECHS

Pullback Considered Corrective

AUDUSD TECHS

Corrective Cycle

EURJPY TECHS

Corrective Bounce

USDJPY TECHS

Short-Term Trend Needle Points South

Real-time Actionable Insight

Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.

Free Access

Germany’s THE Books 35TWh Of Gas Storage For Next Winter

NATURAL GAS

German gas market operator Trading Hub Europe has contracted around 35TWh of gas storage for next winter, which will remain in storage during heating season according to THE.

  • This was down from last year, when THE booked 50TWh of gas, because of current healthy gas reserve levels, it said.
  • The gas will be stored at Rehden, Wolfersberg and Katharina, operated by state-owned SEFE.
  • German gas storage reserves stood at 77.25% of capacity as of 4 Feb.
76 words

To read the full story

Why Subscribe to

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.

German gas market operator Trading Hub Europe has contracted around 35TWh of gas storage for next winter, which will remain in storage during heating season according to THE.

  • This was down from last year, when THE booked 50TWh of gas, because of current healthy gas reserve levels, it said.
  • The gas will be stored at Rehden, Wolfersberg and Katharina, operated by state-owned SEFE.
  • German gas storage reserves stood at 77.25% of capacity as of 4 Feb.