German gas caverns not far off winter targets at 79% full, Trading Hub Europe says

By Vera Eckert

FRANKFURT (Reuters) – Germany’s natural gas caverns, at just over 79% capacity, are not far off legally-required filling levels for the coming 2024/25 winter, an industry executive said.

“The underground inventories are currently well filled,” said Torsten Frank, the head of Trading Hub Europe (THE), which coordinates a quarter of storage capacity under a government remit, sending calming price signals to wholesale markets. [NG/EU]

Germany’s storage facilities, with a capacity of 23 billion cubic metres (bcm), were 79.04% full…