Energy: Gas Storage in Germany 69.5 Percent Full
03.06.2023 By TankTerminals.com - NEWS

March 6, 2023 [INDO & NY] – Germany continues to save gas.

 

In the past week, gas consumption was 18.2 percent below the average consumption for the years 2018 to 2021, as the Federal Network Agency reported today. The slightly higher average temperatures may also have helped: They were 1.1 degrees above the average of the four reference years.

Industry used 20 percent less, households and businesses 16 percent less. Authority President Klaus Müller described the decline as “relevant”. “Every saving is easy on the wallet and helps the climate

As is usual in winter, the filling levels in German gas storage facilities are currently falling. According to preliminary data, the total filling level on Wednesday morning was 69.5 percent. That was almost 0.6 percentage points less than the day before, according to data from the European gas storage association GIE. For comparison: a year earlier the fill level was 28.6 percent.

Level in the EU at around 61.1 percent

The largest German storage facility in Rehden, Lower Saxony, was 84.6 percent full on Tuesday. Across the EU, the fill level was around 61.1 percent. That was 0.5 percentage points less than the day before.

The storage facilities compensate for fluctuations in gas consumption and thus form a buffer system for the market. On the morning of November 14, a fill level of 100 percent was recorded.

It should be noted that in addition to gas withdrawal from the storage facilities, gas continues to flow to Germany through pipeline imports. According to the Federal Network Agency, Germany received natural gas from Norway, the Netherlands, Belgium and France on Tuesday. Gas now also flows into the German transmission network via new LNG terminals on the German coast.

Pro Trial: Access 11,340 Tank Terminal and Production Facilities

11,340 tank storage and production facilities as per the date of this article. Click on the button and register to get instant access to actionable tank storage industry data

Spark: Spot LNG Shipping Rates Climb to Almost $200,000 Per Day
09.23.2023 - NEWS
September 23, 2023 [LNG Prime]- Spot charter rates for the global liquefied natural gas (LNG) car... Read More
Sempra Gets FERC OK for Port Arthur LNG Expansion
09.23.2023 - NEWS
September 23, 2023 [LNG Prime]- LNG player Sempra Infrastructure, a unit of Sempra, won regulator... Read More
Oil Ends Week Lower as Demand Concerns Face Russia Supply Ban
09.23.2023 - NEWS
September 23, 2023 [Reuters]- Oil prices held steady on Friday but closed the week lower on profi... Read More
TransMontaigne Appoints Randal Maffett as Chief Executive Officer
09.23.2023 - NEWS
September 23, 2023 [Businesswire]- TransMontaigne Partners LLC (“TransMontaigne” or the “C... Read More