Germany begins filling western Europe's biggest gas storage site | The Business Standard
Skip to main content
  • Epaper
  • Economy
    • Aviation
    • Banking
    • Bazaar
    • Budget
    • Industry
    • NBR
    • RMG
    • Corporates
  • Stocks
  • Analysis
  • Videos
    • TBS Today
    • TBS Stories
    • TBS World
    • News of the day
    • TBS Programs
    • Podcast
    • Editor's Pick
  • World+Biz
  • Features
    • Panorama
    • The Big Picture
    • Pursuit
    • Habitat
    • Thoughts
    • Splash
    • Mode
    • Tech
    • Explorer
    • Brands
    • In Focus
    • Book Review
    • Earth
    • Food
    • Luxury
    • Wheels
  • Subscribe
    • Epaper
    • GOVT. Ad
  • More
    • Sports
    • TBS Graduates
    • Bangladesh
    • Supplement
    • Infograph
    • Archive
    • Gallery
    • Long Read
    • Interviews
    • Offbeat
    • Magazine
    • Climate Change
    • Health
    • Cartoons
  • বাংলা
The Business Standard

Monday
May 19, 2025

Sign In
Subscribe
  • Epaper
  • Economy
    • Aviation
    • Banking
    • Bazaar
    • Budget
    • Industry
    • NBR
    • RMG
    • Corporates
  • Stocks
  • Analysis
  • Videos
    • TBS Today
    • TBS Stories
    • TBS World
    • News of the day
    • TBS Programs
    • Podcast
    • Editor's Pick
  • World+Biz
  • Features
    • Panorama
    • The Big Picture
    • Pursuit
    • Habitat
    • Thoughts
    • Splash
    • Mode
    • Tech
    • Explorer
    • Brands
    • In Focus
    • Book Review
    • Earth
    • Food
    • Luxury
    • Wheels
  • Subscribe
    • Epaper
    • GOVT. Ad
  • More
    • Sports
    • TBS Graduates
    • Bangladesh
    • Supplement
    • Infograph
    • Archive
    • Gallery
    • Long Read
    • Interviews
    • Offbeat
    • Magazine
    • Climate Change
    • Health
    • Cartoons
  • বাংলা
MONDAY, MAY 19, 2025
Germany begins filling western Europe's biggest gas storage site

Global Economy

Reuters
06 May, 2022, 12:00 am
Last modified: 06 May, 2022, 12:00 am

Related News

  • Poland seizes tires for Boeing aircraft headed for Russia
  • Russia says Ukraine talks yielded a prisoner swap deal and an agreement to keep talking
  • Australia condemns Russia's jailing of Melbourne man caught in Ukraine
  • Putin, Trump to skip Ukraine's peace talks that Russian leader proposed
  • Poland to close Russian consulate in Krakow, citing arson attack

Germany begins filling western Europe's biggest gas storage site

Reuters
06 May, 2022, 12:00 am
Last modified: 06 May, 2022, 12:00 am
3D printed Natural Gas Pipes are placed on displayed Gazprom logo in this illustration taken, 31 January 2022. REUTERS/Dado Ruvic/Illustration/File Photo
3D printed Natural Gas Pipes are placed on displayed Gazprom logo in this illustration taken, 31 January 2022. REUTERS/Dado Ruvic/Illustration/File Photo

Germany has started filling the huge Rehden gas storage facility abandoned by Russia's Gazprom, the site's state-appointed manager said on Thursday, as Europe's biggest economy looks to guard against the risk of Moscow turning off supplies.

Russian gas is vital to Europe and Germany in particular. But supplies have been thrown into doubt by Western sanctions over Moscow's invasion of Ukraine and a looming deadline set by Russia for payments in roubles, which most buyers have rejected.

Gazprom last month ditched its Gazprom Germania business, including western Europe's biggest gas storage site at Rehden, as diplomatic relations deteriorated.

The Business Standard Google News Keep updated, follow The Business Standard's Google news channel

"From today, small volumes are being injected," Egbert Laege, the trustee appointed by Germany's energy regulator to temporarily manage the company, told Reuters in his first interview in the role.

"We are working intensively on solutions to ensure that already soon significantly more gas can flow into the storage facility."

Rehden can hold around 4 billion cubic metres of gas but received only small amounts last winter. Laege said it was clear it needed to be filled for the coming winter.

Rehden is currently just 0.6% full, far below the 36% average for Germany's gas storage facilities.

The regulator has said it will control Gazprom Germania until 30 Sept. and has the right to remove executives, hire new staff and tell management how to proceed. It has not said what will happen after that date.

"We have made good progress in stabilising the activities of Gazprom Germania Group in uncertain times," Laege said, adding he was in regular contact with the Economy Ministry, Germany's network regulator and the group's business partners.

"All of them recognise the huge importance of the Gazprom Germania Group for secure gas supplies. The trust of our business partners is perhaps our most important asset. I will do my utmost to maintain and strengthen this trust."

World+Biz

Gazprom / Gazprombank / Germany gas / Russia / Russia Gas

Comments

While most comments will be posted if they are on-topic and not abusive, moderation decisions are subjective. Published comments are readers’ own views and The Business Standard does not endorse any of the readers’ comments.

Top Stories

  • Illustration: TBS
    Nusraat Faria’s arrest likely due to nervousness following anger surrounding ex-president Hamid’s foreign travel: Farooki
  • Sketch of Prof Selim Raihan
    Strained ties: Non-tariff barriers and the future of Bangladesh-India trade relations
  • A file photo of the NBR Bhaban in Agargaon, Dhaka
    Retired customs and VAT officers urge govt to revise new revenue ordinance

MOST VIEWED

  • Illustration: Ashrafun Naher Ananna/TBS
    World’s top universities outside United States 2025
  • Infograph: TBS
    US-Bangladesh FTA talks begin, RMG may see major boost
  • Representational image. File photo: TBS
    India halts import of Bangladeshi garments, processed foods via land ports
  • Nusraat Faria Mazhar. Photo: Noor A Alam/TBS
    Actress Nusraat Faria detained at Dhaka airport over attempted murder case
  • Infographic: TBS
    Nationwide elevated highways in the works to boost mobility, minimise land use
  • Employees of the now-dissolved NBR hold a protest programme in front of the revenue board's HQ on 13 May. Photo: Jahir Rayhan/TBS
    Govt looks for ways to resolve NBR deadlock

Related News

  • Poland seizes tires for Boeing aircraft headed for Russia
  • Russia says Ukraine talks yielded a prisoner swap deal and an agreement to keep talking
  • Australia condemns Russia's jailing of Melbourne man caught in Ukraine
  • Putin, Trump to skip Ukraine's peace talks that Russian leader proposed
  • Poland to close Russian consulate in Krakow, citing arson attack

Features

PHOTO: Collected

Helmet Hunt: Top 5 half-face helmets that meet international safety standards

22h | Wheels
Photo: Collected

Simple accessories to extend the life of your luggage

22h | Brands
With a growing population, the main areas of Rajshahi city are now often clogged with traffic. Photo: Mahmud Jami

Once a ‘green city’, Rajshahi now struggling to breathe

1d | Panorama
Illustration: TBS

Cassettes, cards, and a contactless future: NFC’s expanding role in Bangladesh

2d | Panorama

More Videos from TBS

What did the Home Ministry advisor say about Nusrat Faria's arrest?

What did the Home Ministry advisor say about Nusrat Faria's arrest?

8m | TBS Today
Kyiv is outraged by Russia's simultaneous attacks with 273 drones

Kyiv is outraged by Russia's simultaneous attacks with 273 drones

1h | TBS World
Missile and Drone are arriving at the Eid-ul-Adha cattle market!

Missile and Drone are arriving at the Eid-ul-Adha cattle market!

2h | TBS Stories
Nusraat Faria in jail, bail hearing to resume on May 22

Nusraat Faria in jail, bail hearing to resume on May 22

3h | TBS Today
EMAIL US
contact@tbsnews.net
FOLLOW US
WHATSAPP
+880 1847416158
The Business Standard
  • About Us
  • Contact us
  • Sitemap
  • Advertisement
  • Privacy Policy
  • Comment Policy
Copyright © 2025
The Business Standard All rights reserved
Technical Partner: RSI Lab

Contact Us

The Business Standard

Main Office -4/A, Eskaton Garden, Dhaka- 1000

Phone: +8801847 416158 - 59

Send Opinion articles to - oped.tbs@gmail.com

For advertisement- sales@tbsnews.net