Germany on good gas path but unlikely to hit November target, says network regulator (updated)

Petro Welt Technologies AG

25/07/2022 11:51

(Adds background, Welt report)
    BERLIN, July 25 (Reuters) - Germany is back on the path of
decent gas injection levels but is unlikely to reach its gas
storage target for Nov. 1, the head of the country's network
regulator said on Monday.
    Klaus Mueller, head of the Bundesnetzagentur regulator, said
on Twitter that the task at the moment is to reach a Sept. 1
target of 75% of gas storage filled. 
    As of July 23, he said, total storage levels were at 65.91%.
    The Economy Ministry last week raised its storage targets
for autumn after the Nord Stream 1 pipeline resumed operation
after 10 days of maintenance but only at 40% of capacity.
    The new targets are 75% by Sept. 1, 85% by Oct. 1 and 95% by
Nov. 1, said the economy ministry, while also unveiling
energy-saving measures including a ban on heating swimming pools
in private homes in winter.  urn:newsml:reuters.com:*:nL8N2Z24WN
    However, Mueller said later Monday that he does not believe
it is possible to reach the target of 90% to 95% storage
capacity by Nov. 1, news outlet Welt reported, citing
participants at a gas meeting hosted by the state of
Baden-Wuerttemberg. 
    At the current Nord Stream 1 delivery level, storage levels,
in the best case, could reach a maximum of 80% to 85% full, Welt
cited him as saying. 
    

 (Writing by Miranda Murray; Editing by Kim Coghill and Louise
Heavens)
 ((Miranda.Murray@thomsonreuters.com;))