Germany reaches 75% gas stocks target ahead of schedule
newscatcher
2022-08-14 14:31
Germany reaches 75% gas stocks target ahead of schedule
FRANKFURT: German gas storage facilities were slightly more than 75% full last Friday, a couple of weeks ahead of target, data from European operators group GIE showed on Sunday. Germany has 23.3 billion cubic metres (bcm) of underground gas storage, a little more than a fifth of the 100 bcm of gas used in 2021. The Rehden storage unit, which holds 4 bcm, was 54% full, the GIE data showed. Germany is at phase two of a three-stage emergency plan formulated after a reduction in gas flows from Russia, its main supplier.

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