8/23/2022, 1:28 PM (Source: TeleTrader)
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Germany's gas storage filled more than 80% - GIE

Gas Infrastructure Europe (GIE) said on Tuesday that Germany has so far managed to fill more than 80% of its natural gas storage capacity, surpassing its target of 75% for September this year.

The target for October 1 is to fill at least 85% of its gas storage capacity, while by November 1 it aims to have its storage capacity filled up to 95%.

Germany is adopting its three-stage energy plan to reduce its dependence on Russian gas. The latest news follows a recent comment by German Minister for Economy and Climate Robert Habeck, who anticipated the country will not need to use drastic economic measures to fight the situation during winter.

Baha Breaking News (BBN) / MM