Germany admits difficulty in imposing price ceilings on gas in Europe

As part of its package of measures to ensure energy security, Germany specifies an increase in the level of reserves for gas storage facilities in the country, which must reach 85% by October 1 and increase to 95% by November 1.

As part of its package of measures to ensure energy security, Germany specifies an increase in the level of reserves for gas storage facilities in the country, which must reach 85% by October 1 and increase to 95% by November 1.

[Germany ready to deal with risk of complete gas supply cutoff]

However, Habeck acknowledged that there are still challenges in the energy issue, first of all that prices are high, and that Germany will consider finding mechanisms at the European level that allow for better control or influence of price mechanisms.

Despite plans to completely shut down operations to conduct maintenance on the Nord Stream 1 pipeline from Aug. 31 to Sept. 2, gas storage facilities in Germany will continue to be filled in the coming days thanks to supplies from neighboring European countries.

While storage speeds will be slightly reduced by supply disruptions from Russia, gas storage at German facilities will not be halted.

Gazprom currently operates only 20% of the Nord Stream 1 pipeline capacity, equivalent to 33 million m3 of natural gas shipped to Germany every day.