Germany’s natural gas import price increased by 134 percent in August compared to the previous year.
According to data from Germany’s Federal Office of Economics and Export Control (BAFA), Germany’s natural gas import price increased by 134% in August 2021 compared to the same month of the previous year, reaching an average of 23.69 euros per megawatt-hour (MWh). The country’s gas import price increased by 11.3% compared to the previous month.
Germany’s natural gas import price increased by 57.2% in the first 8 months of the year compared to the same period of the previous year, reaching an average of 17.81 euro/MWh. Germany’s import volume decreased by 0.8% compared to the previous year and became 960.7 TWh in August.
“NO PROBLEM IN GAS SUPPLY”
On the other hand, the Spokesperson of the German Ministry of Energy announced that Germany does not currently experience any problems or inadequacies in gas supply.
Responding to the question whether the German government will take action to fill the country’s natural gas storage tanks in response to rising global prices, Sözcü noted that the occupancy rate in Germany’s gas storage facilities is currently 75 percent and emphasized that the tanks are slowly filling up.
“The amount of gas expressed by the 75 percent fill rate in Germany’s gas tanks is higher than the level reached when the storage tanks of some countries are 100 percent full,” the spokesperson said.
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