Germany Sees High Bar for Gas Storage Intervention If Goals Missed
Germany sees a high bar for any intervention to support gas storage efforts this year, even if the country ends up missing its new legally-binding targets.
If liquefied natural gas supplies keep arriving in the country by the start of November, it may not be appropriate for gas market manager Trading Hub Europe GmbH to step in to support injections, even if the nation's storage goals are missed, according to a memo by the economy ministry seen by Bloomberg. Effectively, Germany is aiming to have storage sites 70% full.
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