HomeIndustriesGermany Reaches Gas Storage Goal Two Weeks Ahead Of Plan

Germany Reaches Gas Storage Goal Two Weeks Ahead Of Plan

Klaus Mueller, president of the Federal Network Agency, announced on Twitter that Germany’s gas storage facilities are now 75.43% full. According to Germany’s top regulator, the nation’s 75% target has been reached two weeks ahead of schedule.

Now that the country’s September 1 goal has been achieved, it is now looking towards reaching the 85% mark by October 1, while making it to 95% at the start of November.

Germany’s decision to set this plan comes as the country looks to compensate for the drying up of supplies from Russia. Currently, Europe’s largest economy is receiving minimal levels of gas imports, with Russia pumping natural gas through the Nord Stream 1 Baltic Sea pipeline to Germany at only 20% capacity. Although Russia has credited technical issues as the reason for this slowdown, Germany believes that this is not the root of the issue.

Sebastian Bleschke, managing director of Germany’s gas storage association Ines, believes that Germany’s current gas supply should last the country until March or April next year if managed effectively.

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