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 ...

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 ...

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 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 ...

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 ...

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 ...

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 ...

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 ...

As a result, the gas held in storage covers about 30% of the EU’s daily needs during the winter. This proportion can top 50% on the chilliest days, especially if wind speeds are low 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 ...

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 ...