Advertisement
Singapore markets closed
  • Straits Times Index

    3,410.81
    -29.07 (-0.85%)
     
  • Nikkei

    40,912.37
    -1.28 (-0.00%)
     
  • Hang Seng

    17,799.61
    -228.67 (-1.27%)
     
  • FTSE 100

    8,203.93
    -37.33 (-0.45%)
     
  • Bitcoin USD

    57,671.72
    +1,226.02 (+2.17%)
     
  • CMC Crypto 200

    1,198.67
    -10.02 (-0.83%)
     
  • S&P 500

    5,567.19
    +30.17 (+0.54%)
     
  • Dow

    39,375.87
    +67.87 (+0.17%)
     
  • Nasdaq

    18,352.76
    +164.46 (+0.90%)
     
  • Gold

    2,399.80
    +30.40 (+1.28%)
     
  • Crude Oil

    83.44
    -0.44 (-0.52%)
     
  • 10-Yr Bond

    4.2720
    -0.0830 (-1.91%)
     
  • FTSE Bursa Malaysia

    1,611.02
    -5.73 (-0.35%)
     
  • Jakarta Composite Index

    7,253.37
    +32.48 (+0.45%)
     
  • PSE Index

    6,492.75
    -14.74 (-0.23%)
     

German gas storage progress better than expected, says regulator head

FILE PHOTO: Illustration picture of flames from a gas burner on a cooker in France

RATINGEN, Germany, Germany (Reuters) - Germany is making better progress than expected in filling its gas storage facilities, but it's not enough to get the country through winter, said the network regulator head on Monday.

The storage facilities only serve as a buffer, said regulator head Klaus Mueller after visiting gas market operator Trading Hub Europe (THE), adding that gas would also be needed from Belgium, the Netherlands, Norway and soon France.

He said that it was not possible to predict the consequences of maintenance on the Nord Stream 1 pipeline announced by Russian energy giant Gazprom from Aug. 31 to Sep. 2.

It would help Germany secure supply if at least 20% capacity continued to flow through the pipeline afterward, but "whether that will be the case, we don't know," said Mueller.

(Reporting by Matthias Inverardi, Writing by Miranda Murray; Editing by Maria Sheahan)