Natural gas storage

Winter not over, but Europe braces for the next one

Europe has weathered the energy crisis that followed Russia's invasion of Ukraine so far, but businesses and households are already thinking about how to get through the next winter.

Mild weather, government aid, gas storage facilities at full capacity and energy imports from other regions have helped Europe limit the economic damage caused by the war.

Gas Prices fell 18% on the Dutch Stock Market due to Profits and Full Storages

The stock price of gas on the ICE Futures site has fallen almost 20% so far, according to trading data. The price of September futures at the TTF hub in the Netherlands, which determines the pricing of the continent, as of 12:30 p.m. fell by 18.7%, reaching €275.8 for 1 MWh, or 83.83 per thousand cubic meters.

Germany races to stockpile gas before winter

Germany's race to wean itself off Russian energy and stockpile enough gas before winter is playing out largely hidden from view, some 1,600 meters below ground in the foothills of the Bavarian Alps.    

The former Bierwang natural gas field in Unterreit serves as one of Germany's largest underground gas storage facilities.  

Greece pushes back bid deadline for offshore gas storage facility

Greece has pushed back by a month a deadline for investors to bid for a contract to run an underground gas storage facility in the northern Aegean Sea.
Privatisation agency HRADF (or TAIPED), which manages the concession, said late on Tuesday that it had extended the deadline for initial bids to Sept. 30 from Aug. 31, without giving a reason for the delay.