Finance
German gas hub, industry in talks about loosening storage rules, Uniper says
Published by Global Banking and Finance Review
Posted on February 25, 2025
1 min readLast updated: January 25, 2026
Global Banking and Finance Review
Company
Published by Global Banking and Finance Review
Posted on February 25, 2025
1 min readLast updated: January 25, 2026
Germany's gas hub and industry discuss easing storage rules, potentially lowering targets from 90% to 80% by November 1, affecting European gas prices.
FRANKFURT (Reuters) - Germany's gas hub Trading Hub Europe (THE) and industry representatives are in talks with the German government on loosening rules on the country's gas storage filling levels, a Uniper official said on Tuesday.
"We are talking to THE," said chief commercial officer Carsten Poppinga at an earnings press conference, adding that among the proposals under discussion was loosening storage targets of 90% to perhaps 80% by November 1.
Speculation that Germany may ask the state-mandated THE to refill caverns with the help of subsidies had driven up European gas prices in recent weeks, prompting policymakers more flexibility in terms of filling requirements.
(Reporting by Christoph Steitz and Vera Eckert, editing by Friederike Heine)
Trading Hub Europe and industry representatives are in talks with the German government about loosening rules on gas storage filling levels.
Among the proposals under discussion is the possibility of loosening the storage targets, which are currently set at 90%.
Speculation that Germany may ask THE to refill caverns with state subsidies has driven up European gas prices in recent weeks.
Explore more articles in the Finance category
