Welt am Sonntag: Gas Storage Inventories Reach Record Low

Natural gas in the 48 storage facilities in Germany fell to a record low of 20%, the newspaper Welt am Sonntag reported based on data of the trade association Gas Infrastructure Europe (GIE).

Storengy Deutschland GmbH, the fourth biggest German gas storage operator and Leipziger Verbundnetz Gas AG, another big storage operator reported inventories of below 10%, Welt said. Berliner Erdgasspeicher, a gas storage facility operated by a subsidiary of GASAG AG Berlin was reported to be practically empty. On the other hand, Astora GmbH & Co.KG, which operated the largest West-European gas storage facility in Rheden south of Bremen, reported gas inventories of one third of the full capacity, Welt said.

Despite the low inventories, the Federal Association of the Energy and Water Industry (BDEW) warned against scaremongering, saying the inventories were at the usual levels for this time of the year, Welt said. The paper also quoted spokespeople of Astora and the Oldenburg-based utility EWE, who said the security of supply was not in danger.

According to Welt am Sonntag, representatives of the gas industry, however, warned politicians not to neglect the security of supply. They deplored the lack of incentives for planning the supply with natural gas in a strategic and integrated manner. Due to the legal unbundling of trade, storage and transport, none of the legally separate sectors could ensure the security of supply with gas on its own (nor is it interesting from a business point of view). On the contrary, gas from German storages was sold to Poland and Great Britain where prices had strongly risen in the recent past, Welt am Sonntag said.

Source: Die Welt

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