Energy: Reiche instructs state-owned companies to store gas
The gas storage levels in Germany are comparatively low. Minister Reiche had said that various instruments had been prepared. One is now being used.
In response to low gas storage levels in Germany, Federal Economics Minister Katherina Reiche (CDU) has instructed the state-owned energy company Sefe to increase its gas storage, according to a ministry spokeswoman. The primary reason for this move is the ongoing geopolitical risks, with Reiche emphasizing its importance from a crisis prevention standpoint to enhance the resilience of Germany's gas supply.
Sefe has been informed to procure and store eight Terawatt-hours of gas by December 15. A Sefe spokesperson confirmed the directive from the Economics Ministry. As of now, gas storage levels are at a relatively low 58 percent. Three weeks ago, Reiche highlighted the government's ability to prepare for any scenario in a Bundestag session, stating that appropriate measures were in place.
The Economic Ministry reported in September that, based on the current understanding, a gas shortage during the upcoming winter was not expected.
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