German gas storage progress better than expected.

0 31

Germany is making better progress than expected in filling its gas storage facilities; but it’s not enough to get the country through winter, said the network regulator head on Monday.

The storage facilities only serve as a buffer, said regulator head Klaus Mueller after visiting gas market operator Trading Hub Europe (THE). Adding that gas would also be needed from Belgium, the Netherlands, Norway and soon France.

He said that it was not possible to predict the consequences of maintenance on the Nord Stream 1 pipeline announced by Russian energy giant Gazprom (GAZP. MM) from Aug. 31 to Sep. 2.

It would help Germany secure supply if at least 20% capacity continued to flow through the pipeline afterward, but “whether that will be the case, we don’t know,” said Mueller.

Reuters.

Leave A Reply

Your email address will not be published.

%d bloggers like this: