Energy: Rich ensures gas supply - Instruction to state-owned company
The gas storage levels in Germany are comparatively low. Minister Reiche had said that various instruments had been prepared. One is now being used.
German Economy Minister Katherina Reiche has instructed state-owned energy company Sefe to increase its gas storage levels in response to low current levels and ongoing geopolitical risks. The move aims to boost the resilience of Germany's gas supply, with Sefe tasked with acquiring and storing 8 terawatt-hours of gas by December 15.
The country's gas storage facilities are currently around 58% full, sparking concerns about winter supplies, and the global energy market is impacted by the blockage of the Strait of Hormuz by Iran. The decision has been welcomed by the German Energy and Water Industry Association, but Green Party politician Michael Kellner has expressed skepticism about the timing and effectiveness of the move.
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.
