Germany in Talks Over Gas Storage Support as Levels Decline
- Market manager says no decision on tool has been taken yet
- Subsidy’s aim would be to help build up fuel buffers
Normally, traders stockpile gas during warmer months when demand and prices are lower.
Photographer: Krisztian Bocsi/BloombergThis article is for subscribers only.
Germany’s gas market manager said it’s in “intensive discussions” with authorities about potential subsidies to refill storage sites as Europe teeters on the edge of another supply crunch.
Trading Hub Europe GmbH — which is responsible for the smooth functioning of Germany’s gas market — unveiled considerations for a possible subsidy for suppliers last month, prompting intense trader interest. The tool would be used to help build up a buffer in time for next winter but THE has been tight-lipped about details of the plan after speculation over its design prompted sharp price swings.