Latest news with #SecuringEnergy
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.
