Cool weather, higher consumption
German gas storage levels continue to fall slightly
03/02/2023 1:29 p.m
It’s getting cooler outside, more heating inside: Gas consumption in Germany is currently increasing slightly. This affects the saves. They are currently at 69.5 percent, almost 0.6 percentage points below the previous day’s level. However, there is no reason to worry.
As is usual in winter, the levels in German gas storage facilities are currently falling. On Wednesday morning, the total fill level was 69.5 percent. That was almost 0.6 percentage points less than the day before, according to data from the European gas storage association GIE. The largest German storage facility in Rehden, Lower Saxony, was 84.6 percent full. Across the EU, the fill level was around 61.1 percent. That was 0.5 percentage points less than the day before.
The storage facilities compensate for fluctuations in gas consumption and thus form a buffer system for the market. On the morning of November 14, a fill level of 100 percent was recorded.
It should be noted that in addition to gas withdrawal from the storage facilities, gas continues to flow to Germany through pipeline imports. According to the Federal Network Agency, Germany received natural gas from Norway, the Netherlands, Belgium and France on Tuesday. Gas now also flows into the German transmission network via new LNG terminals on the German coast.