National regulatory authority: Germany restarted

Reading time: 3 minutes

Germany has returned to the stage where it introduces gas, and the objective is now to reach its target of reaching a gas storage level of 75% by September 1, the head of the national regulatory authority announced, on Monday, on the Twitter platform of the network. Klaus Mueller, the head of the regulatory authority Bundesnetzagentur, added that the gas importer Uniper also stopped consuming from the warehouses, reports Rador, quoted by DCNews.

The EU plan to reduce gas consumption faces opposition from some member states

The EU proposal aimed at reducing the use of gas by 15% in the member states, in order to prepare in the event of further interruptions of gas supplies from Russia, faces the resistance of the governments, increasing the fears regarding the approval of the plan, reports Reuters.

On Wednesday, the European Commission proposed that all member states reduce the use of gas by 15% between August 1, 2022 and March 31, 2023, compared to the average of the last five years. The target is voluntary, but the EU can make it mandatory if Brussels declares a substantial risk of gas shortage.

At the meeting of diplomats from EU member states, at least 12 out of 27 member states expressed their concerns about the proposal, sources who wished to remain anonymous told Reuters.

The main sticking point is whether the EU should have the power to make the target binding. Denmark, France, Ireland, Italy, Malta, the Netherlands, Poland and Portugal are among the countries that say Brussels should not be able to do this before member states express their position and possibly opposition.

“The member states want to have the ability to activate the crisis mechanisms, it is not something that the European Commission should do”, says a source.

The EU wants to replace Russian gas with supplies from Nigeria

The European Union is interested in obtaining additional supplies of natural gas from Nigeria, at a time when the EU bloc is preparing for a possible stoppage of Russian gas supplies, Matthew Baldwin, deputy director general of the Directorate General for Energy of the European Union, said on Saturday. European Commission, reports Reuters.

During a visit to Lagos where he held meetings with officials of Africa’s largest oil producer, Matthew Baldwin was informed that Nigeria is improving its security in the Niger Delta and also plans to reopen the Trans Niger pipeline sometime after August , which could mean an increase in gas exports to Europe.

The European Union imports from Nigeria approximately 14% of its total liquefied gas needs and there is the potential to double the figure, Matthew Baldwin estimated.

But Nigeria’s oil and gas production is affected by theft and pipeline vandalism, so that currently the export terminal that the Nigeria LNG Ltd. company has on Bonny Island is operating at 60% of capacity.

“If we can get somewhere above 80%, then there could be additional quantities of liquefied gas that could be available for spot cargoes coming into Europe. They (Nigerian officials – no) have told us to have another round of talks at the end of August, because they are confident that they will be able to make progress on this matter,” said Matthew Baldwin.

The Nigeria NLG company is owned by the oil group NNPC Ltd, whose shareholders are the Nigerian state, as well as the Western giants Shell, TotalEnergies and Eni.

On Wednesday, the European Commission estimated that EU member states should reduce their gas consumption by 15%, starting from August and ending in March. Initially, this target will be a voluntary one, but it would become mandatory if the community executive declares a state of emergency.

Last year, Nigeria exported 23 billion cubic meters of gas to the European Union, but this figure has been declining for several years. For example, in 2018, the EU bloc bought 36 billion cubic meters of natural gas from Nigeria, Matthew Baldwin said.