Latest news with #Rehden
Reuters
4 days ago
- Business
- Reuters
Germany' SEFE allocates 3 TWh of auction volume into Rehden gas storage
FRANKFURT, Aug 6 (Reuters) - German gas company SEFE said on Wednesday it had allocated three terawatt hours (TWh) of natural gas storage space at its northern German Rehden facility, the entire working gas volume it had offered at an auction. "SEFE Storage has allocated the storage capacity of approximately 3 TWh for the remainder of the storage year 2025/2026 in underground storage Rehden on the PRISMA capacity platform," the company said in a statement. Wholesale energy traders are keen to learn whether or not gas reserve-building continues in Germany at sufficient levels ahead of the coming winter, as it is Europe's leading storage location. German storage units at the beginning of this week were 62.5% full, compared with 90% a year ago, internet data from European operator group GIE showed. Of Germany's technically possible gas storage capacity of 248 TWh, Rehden accounts for 45 TWh, and is therefore a useful pointer to the overall picture of stockpiling. SEFE - or Securing Energy for Europe - prior to the auction recorded a volume of 5.5 TWh at Rehden, a filling level of 12%. Rehden has a November 1 filling target of 45% under German energy security provisions. As a so-called porous storage, it takes relatively longer to fill than cavern storage facilities, which represent the bulk of German capacity. On PRISMA, the names of bidders or the size of their allocations are not identified.
Bloomberg
26-06-2025
- Business
- Bloomberg
Germany's Largest Gas Storage Still Empty Despite Effort to Fill
Germany's largest gas storage facility failed to allocate capacity at its latest auction, raising risks that the country will struggle to meet legally binding stockpiling targets ahead of winter. The Rehden site in northern Germany remains almost empty, with only a small portion of capacity booked so far this year. Its operator, state-owned Securing Energy for Europe GmbH, didn't specify the reasons for Thursday's failed auction, but said after a previous round that offers outstripped what was allocated, signaling it may be waiting for higher prices.
Bloomberg
15-05-2025
- Business
- Bloomberg
Germany Gets First Bookings for Huge, Nearly Empty Gas Reserve
Germany saw its first success this year in auctioning space at its biggest natural gas storage site, which has remained stubbornly empty after a cold winter. Traders booked a small portion of the capacity at the Rehden underground facility, which accounts for nearly a fifth of Germany's gas storage space. Previous auctions held by the state-owned operator, Securing Energy for Europe GmbH, had no success — including last week.
