Gas supply: Reiche makes a U-turn – State gas importer Sefe fills gas storage facilities
The Minister of Economic Affairs has instructed the federal government's gas importer to buy gas. Reiche wants to prevent a looming supply crisis. Initial reactions from the industry are positive.
German Economics Minister Katherina Reiche has persuaded state-owned gas importer Sefe to buy natural gas to increase the filling level of Germany's gas storage facilities. According to reports, Sefe has already started making purchases in small steps to avoid drawing attention from other market participants. The goal is to raise the filling level above 70 percent, currently at around 56 percent.
The move has received positive reactions from industry representatives, marking a U-turn for Reiche who had previously opposed state intervention to fill the storage facilities.
Written by urgent.news from Handelsblatt's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
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