The European Union reached its gas storage target two months ahead of schedule. According to data from European gas storage operators, the reserves were 80.1 percent full on Wednesday. German gas storage facilities exceeded the mark even further and, according to the data on Wednesday, were almost 84 percent full. Because of the war in Ukraine, the European Union had passed a new law, according to which the reservoirs must be 80 percent full by November 1st this year. The aim is to be better prepared in the event of a total failure of Russian gas supplies. In Germany, storage tanks should be at least 85 percent full on October 1st and at least 95 percent full on November 1st. The amount of gas stored at a level of 95 percent corresponds approximately to the nationwide consumption of the two months of January and February 2022.
Energy – Gas Storage Target Reached Two Months Ahead – Economy
