German Energy Firms Urge Berlin to Cut Gas Storage Goal to 80%
The Astora underground natural gas storage facility in Rehden, Germany.
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German utilities are pushing authorities to lower the country’s gas storage target for next winter to 80%, a move that could help ease Europe’s market tensions after inventories were depleted faster than usual this season.
Energy lobby group BDEW spoke to economy ministry officials “in favor of reducing this storage target from 90% to 80%,” said Carsten Poppinga, chief commercial officer of the utility Uniper SE, at a press conference in Essen Tuesday. “We support it as Uniper and as a member of the BDEW.”