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Gas storage operators consider a 90% fill level achievable

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Status: 07/27/2022 2:29 p.m.

Natural gas storage operators estimate that a 90% filling level can be reached by winter – if the inflow via Nord Stream 1 is not completely eliminated. Politicians should continue to work on savings.

German natural gas storage operators assume that gas can continue to be stored despite the further reduction in supply volumes from Russia. If LNG imports continue to be high, it is very likely that a fill level of more than 90% could be reached by November 1, said the managing director of the industry association Initiative Energies Storage ( INES), Sebastian Bleschke, from the dpa news agency. .

The calculation is based on the assumption that gas transport via the Nord Stream 1 pipeline in the Baltic Sea will be reduced to only 20% of its maximum capacity from Wednesday. If that gas were to drop as well, the situation would need to be further assessed, Bleschke said.

Current fill level is 66.8%

In this context, he pointed out that gas flows via Nord Stream 1 have already been reduced to such an extent that they are less important in terms of storage.

Norway is currently the second gas supplier in Germany with 20%. The Netherlands follow with eleven percent. German gas production contributes only 5% to gas consumption. Liquefied natural gas is gaining importance in the gas supply. So far, Germany has mainly bought LNG from the United States.

“Despite reduced gas flows on Nord Stream 1, a significant amount has been stored in recent days,” says Bleschke. German storage was 66.8% full on Monday, more recent data is not available. The federal government wants to stipulate in a regulation that German storage tanks must be 95% full by November 1.

Storage facilities compensate for fluctuations in gas consumption and thus form a kind of buffer system for the gas market. They are usually well filled when the heating season begins in the fall. During cold winter days, up to 60% of gas consumption in Germany is covered by German storage facilities.

According to Bleschke, even with a filling level above 90% and with gas flows throttled to 20% via Nord Stream 1 during a normal winter, shortages are to be expected. “The system will then only be able to balance itself by reducing demand.”

Politicians should therefore continue to work on demand reduction. “The auctions planned to reduce the consumption of industrial customers are certainly a very important step.”

During auctions, industrial gas consumers should be able to sell the gas they do not need via a platform from the start of the heating period. The gas volumes are intended to contribute to the stabilization of the network.

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Source www.tagesschau.de

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