Sven Giegold, Germany’s state secretary for climate, announced the U-turn on Thursday, revealing Berlin “is aiming to abolish the gas storage levy at border crossing points with neighboring ...

Britain’s largest gas storage site risks closure by the end of the year unless the Government steps in to provide financial ...

BERLIN, May 30 (Reuters) - Germany plans to abolish next year a gas storage tariff it charges neighbours for buying gas from its reserves, an economy ministry official said on Thursday, following ...

Germany’s natural-gas market manager said it will raise a storage fee that may make it more expensive for central European countries to obtain fuel unless parliament passes a law in time to ...

Austria, the Czech Republic and Slovakia have urged Germany to legislate this month to waive a costly gas levy for neighbouring countries, as the collapse of Berlin's coalition government risks ...

The storage fee will remain in place for domestic customers, rising to €2.99 ($3.10) a megawatt-hour on Jan. 1. It’s collected by market manager Trading Hub Europe, which must ensure storage ...

Germany has vowed to scrap the controversial gas storage levy at its border from January 2025 after neighbouring, landlocked countries claimed it was hampering their efforts to quit Russian fossil ...

The Czechs have accused Germany of penalizing its customers before by increasing a gas storage levy to EUR 2.50 per megawatt-hour from EUR 1.86. The country introduced the charge at the peak of ...

Berlin introduced in October 2022 the so-called ‘gas storage levy’—a national export duty on natural gas, which has since increased the cost of exporting gas from Germany to Central and ...

Separately, Germany’s state-controlled firm Securing Energy for Europe (Sefe) plans to invest around $543 million (500 million euros) in repurposing some of its underground gas storage sites and ...

The current storage levy charge of gas exiting the German grid is of €1.86 ($2.02) per megawatt hour, while the increased price from 1 July will be €2.50 per MWh, according to London-based ...