Germany: Natural gas storage tanks are filling up earlier than planned

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The process of filling natural gas storage tanks is progressing faster than expected, despite the reduced volume delivered by Russia.

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According to the magazine Der Spiegel, the occupancy level reached 81.78% on Thursday, while at the end of the week it is expected to have reached 82.2%. “Reservoirs are filling up earlier than planned,” Economy Minister Robert Hambeck told the magazine, while a ministry spokesman noted that the 85% target by October would likely be reached as early as early September. By November 1st, occupancy should be over 95%.

Gazprom announced a few days ago that it will shut down the Nord Stream 1 pipeline for maintenance from August 31 to September 2. When the pipeline is back in operation, 33 million cubic meters of natural gas will be delivered daily, a quantity that corresponds to 20% of the pipeline’s capacity.

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However, Germany currently has the largest natural gas storage capacity in central and western Europe. According to the association of natural gas providers Ines, the storage capacity reaches ¼ of the country’s annual consumption. The government has repeatedly stated that with 100% full tanks, Germany has enough for about 2.5 winter months.

Source: News Beast

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