11/15/2022, 2:13 PM (Source: TeleTrader)
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Germany's gas storage reaches 100% capacity

The Federal Network Agency stated on Tuesday that Germany's natural gas storage is 100% full. However, it noted that more gas can and will be stored due to discrepancies between reported levels and physical capacities.

The agency said that "wholesale prices fluctuate greatly and have recently fallen sharply" and pointed out that private consumers and companies "still have to adjust to significantly higher gas prices." It insisted on the importance of economical gas consumption, warning that Germany should cut gas use by 20% in order to avoid a national gas shortage this winter.

Baha Breaking News (BBN) / DJ