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Germany Secures Extra Winter Gas

Germany has awarded contracts worth nearly €245 million to secure additional winter gas supplies as storage levels lag behind last year. Trading Hub Europe stated the tenders will help safeguard reserves for early 2027.

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A general view of pipelines on the gas storage facility at the gas trading company VNG AG in Bad Lauchstaedt, Germany July 28, 2022. REUTERS/Annegret Hilse/File Photo

Germany awarded €245 million ($274 million) in contracts to secure extra Natural Gas reserves on standby for the winter. The move comes as storage levels lag behind previous years. Trading Hub Europe announced the emergency measures on Friday afternoon.
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