Austria Seizes Gas Storage Space Left Empty by Russia’s Gazprom
- Gazprom has left reserves below a 10% legal requirement
- Haidach depot linked to German network, serves Bavaria
Source: Bloomberg
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Austria has started clawing back space at one of Europe’s largest gas depots that mainly serves German industrial users after Gazprom PJSC ignored rules requiring minimum storage levels.
The country’s industry regulator, E-control, started the process for assuming control over the underground Haidach site using a law which entered into force this month that allows Austria to seize critical storage spaces if operators fail to fill them to at least 10% of capacity.