The decline in natural gas prices has pushed Germany's gas storage capacity to an important milestone.
Zhtng cijng APP huzh, jioy shng y df zngji zi Dgu tinrnq chcn shsh de ydng ling, zh y jnnin zoxi shhu de qngkung xngchngle xinmng dub, dngsh Dgu tinrnq kcn zi dngj jish sh chy sn nin li de zud shupng, qi b xnchng de shchng jigu dozh bchng tinrnq w l k t.
Jizh bnzhu, Dgu dxi chq k de kyng rngling y bi ydng chogu 70%, zh sh yg zhngyo de mnjn, ynwi t y Dgu dngj qin de chq mbio xingf. Jnq tinrnq jig de xidi tgo le tinrnq chcn de lrn, jioy shng shngzhu xing chcn shsh zhr jn 10 tiwsh de tinrnq, zh sh z 2022 nin yli zud de qtin zngling.
According to the Zhtng Financial APP, traders have significantly increased their booking volume at natural gas storage facilities in Germany. This is in stark contrast to earlier this year when German natural gas stocks were at their lowest levels in three years at the end of winter, and an unusual market structure made topping up natural gas unprofitable. As of this week, over 70% of the available capacity of Germany's underground gas storage facilities has been booked, which is an important threshold as it aligns with Germany's storage goals before winter. The recent drop in natural gas prices has increased the profit of natural gas storage, and traders injected nearly 10 terawatt hours of natural gas into storage facilities last week, the largest seven-day increment since 2022.
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