Advertisement
UK markets open in 4 hours 34 minutes
  • NIKKEI 225

    37,802.45
    +173.97 (+0.46%)
     
  • HANG SENG

    17,566.20
    +281.66 (+1.63%)
     
  • CRUDE OIL

    83.82
    +0.25 (+0.30%)
     
  • GOLD FUTURES

    2,347.00
    +4.50 (+0.19%)
     
  • DOW

    38,085.80
    -375.12 (-0.98%)
     
  • Bitcoin GBP

    51,600.87
    +258.00 (+0.50%)
     
  • CMC Crypto 200

    1,389.63
    +7.06 (+0.51%)
     
  • NASDAQ Composite

    15,611.76
    -100.99 (-0.64%)
     
  • UK FTSE All Share

    4,387.94
    +13.88 (+0.32%)
     

German gas storage could quickly empty after a few frosty days - network regulator chief

FILE PHOTO: Nord Stream 2 landfall facility in Lubmin

BERLIN (Reuters) -Germany's gas storage facilities could be quickly emptied if this winter gets really cold, warned the head of the country's network regulator in an interview with Spiegel weekly on Friday.

"Just a few freezing cold days are enough for a dramatic increase in gas consumption," Klaus Mueller said.

Mueller's Bundesnetzagentur would be in charge of gas rationing if it came to it, a scenario Germany wants to avoid at all costs via regular pleas to cut consumption by at least 20%.

As of Nov. 2, Germany's gas storage levels stood at 99.3% and Mueller said that Europe's top economy could keep going for around 9-10 weeks were it solely to rely on those tanks - provided it'll be a mild winter as was the case in 2021/2022.

(Writing by Miranda Murray and Christoph SteitzEditing by Paul Carrel)