Germany hits October gas storage target despite prolonged Nord Stream 1 shutdown

Pipes from the landing facilities of the ‘Nord Stream 1’ gas pipeline are pictured in Lubmin, Germany March 8, 2022. REUTERS/Hannibal Hanschke/File Photo

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BERLIN, Sept 3 (Reuters) – Germany’s gas storage facilities met their October target of 85% on Friday despite a prolonged shutdown of the main gas pipeline bringing gas from Russia to Germany, it was revealed on Saturday industry data from the European operator group GIE.

Storage levels are already at 85.02%, suggesting that businesses and citizens in Europe’s biggest economy are heeding the government’s call to save gas to get through the winter given the reduction of Russian gas imports.

In July, the government unveiled new energy-saving measures and tightened its gas storage targets amid concerns that persistently weak Russian gas supplies could lead to winter shortages.

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Industry gas consumption fell 21% in July year on year, German industry association BDI chairman Siegfried Russwurm said last week, but warned the drop was not a good sign .

“The reason for this is often not efficiency gains, but a dramatic drop in production. This is not a success, but an expression of a massive problem,” Russwurm said.

Germany’s new storage target came as Russia scrapped a deadline to resume flows through the Nord Stream 1 gas pipeline, saying it had found faults during maintenance. Read more

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Reporting by Riham Alkousaa; Editing by Lisa Shumaker

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