UK markets closed
  • FTSE 100

    7,018.60
    -140.92 (-1.97%)
     
  • FTSE 250

    17,972.69
    -359.00 (-1.96%)
     
  • AIM

    833.59
    -13.83 (-1.63%)
     
  • GBP/EUR

    1.1189
    -0.0251 (-2.19%)
     
  • GBP/USD

    1.0857
    -0.0398 (-3.54%)
     
  • BTC-GBP

    17,602.88
    -38.00 (-0.22%)
     
  • CMC Crypto 200

    434.61
    -9.92 (-2.23%)
     
  • S&P 500

    3,693.23
    -64.76 (-1.72%)
     
  • DOW

    29,590.41
    -486.27 (-1.62%)
     
  • CRUDE OIL

    79.43
    -4.06 (-4.86%)
     
  • GOLD FUTURES

    1,651.70
    -29.40 (-1.75%)
     
  • NIKKEI 225

    27,153.83
    -159.30 (-0.58%)
     
  • HANG SENG

    17,933.27
    -214.68 (-1.18%)
     
  • DAX

    12,284.19
    -247.44 (-1.97%)
     
  • CAC 40

    5,783.41
    -135.09 (-2.28%)
     

German gas storage progress better than expected, says regulator head

·1-min read
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)