German gas storage 90% full for winter despite Russian cutbacks | TBEN | 20.09.2022


Gas storage facilities in Germany are more than 90% full, according to data released by the Aggregated Gas Storage Inventory (AGSI), a European energy data platform.

The German government has planned to fill 95% of the storage capacity in November. The storage is seen as essential for Germany to get through the winter without importing Russian gas.

“If all goes well, savings in Germany will be high and if we are a little lucky with the weather, we have a chance to get through the winter comfortably,” Economics Minister Robert Habeck said on Monday.

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“However, that means the storage facilities will be empty again at the end of the winter – in this case really empty, as we are going to use the gas,” he added.

Germany is looking for alternative gas sources

Before the invasion of Ukraine in February, Russia had supplied about 40% of the European Union’s gas.

In early September, Russian energy giant Gazprom said gas supplies to Western Europe via the Nord Stream 1 pipeline had completely stopped, claiming there were problems with the equipment. The German government has accused Moscow of “arming” gas supplies in response to Berlin’s support for Ukraine and EU sanctions.

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Moscow did not provide a timetable for when it could restart the pipeline.

Germany also receives natural gas via pipelines from Norway, the Netherlands and Belgium. Germany expects to sign contracts for the supply of liquefied natural gas (LNG) to the United Arab Emirates this weekend.

French energy regulator CRE said natural gas exports to Germany could begin in October. Construction of one of the new LNG terminals in Germany will also start this week.

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lo/wmr (TBEN, dpa, Reuters)

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