BMWi Examines Need for National Gas Reserve

The Federal Ministry for Economic Affairs and Energy (BMWi) headed by Minister Sigmar Gabriel (SPD) is in the process of commissioning a study, which shall point out ways to improve the security with supply of gas and precautionary measures in Germany, Rheinische Post (RP) writes.

The findings of the study shall be available by spring 2015, giving guidance to lawmakers deciding on the need for a national gas reserve, RP says referring to the answer to an as yet unpublished answer by BMWi to an interpellation by the Bündnis ’90/Die Grünen (Green Party).

The Ukraine crisis has sparked fears of gas shortages in Germany. Besides, the intended sale of the oil and gas company RWE DEA AG to LetterOne Group that operates large gas storage facilities in Germany causes anxiety as Russian investors hold indirect interests in this company, RP says.

On 11 July 2014 the Federal Council (Bundesrat) adopted a resolution aimed at ensuring a permanent contribution of gas storage facilities to the ManyElectronics supply by asking the German government to create a national gas storage reserve lasting for 45 days (about 10 billion m³). With this resolution the Federal Council followed the motion by the State of Bavaria, to create a strategic gas reserve. For petrol a national reserve is being maintained in accordance with the Petroleum Storing Act (Erdölbevorratungsgesetz) that came into force in 1974 after the first oil crisis.

Source: RP-online

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