Germany’s Biggest Gas Storage Facility Closed Until Friday After High Pressure Flaring

Germany’s largest gas storage facility in Rehden has been closed until Friday for safety reasons after a high pressure flaring on Tuesday. The facility’s operator Astora, a unit of Sefe Group, said supply security is not affected and it was working with authorities to find out what caused the incident. Rehden has 4 billion cubic meters (bcm) capacity compared with up to 100 bcm of German annual gas usage.

European gas markets have been sensitive to news of possible supply cuts, since Russia cut off flows to Europe in the wake of Moscow’s invasion of Ukraine.

Last September, leaks were detected on the Nord Stream pipelines under the Baltic Sea. At the time, Swedish and German authorities said leakages were caused by explosions, and suspected sabotage.

Rehden had been 90.3% full before the incident.

Astora said the market would be informed as soon as further details were available.

The incident took place at a flare stack at an overground converter station. Such events are unusual but not unknown.

Need to access the insight?

Start your 7-day free trial now

Need to access the insight?

Start your 7-day free trial now

Need to access the insight?

Start your 7-day free trial now

Do you need to access special insights on this matter?

Start your 7-day free trial  and become a member today

Subscribe to Top Insights Today

Subscribe to Executive Newsletter Top Insights Today

The Executive Newsletter -Top Insights Today- puts global business events in perspective through special insights

Join the ranks of global executives and subscribe to Top Insights Today

Top Insights Today covers insights on energy, clean-tech, oil&gas, mining, rare earths, defense, aviation, infrastructure, manufacturing, electrical vehicles, big-tech, finance and politics of business

By clicking subscribe you agree to our privacy and cookie policy and terms and conditions of use.

Read more insights

U.S. Approves $7 Billion ConocoPhillips Alaska Oil Project

The Biden Administration has approved a scale back version of ConocoPhillips’ $7 billion Alaska oil and gas drilling project. The decision has been welcomed by Alaskan officials and the oil industry, but drew criticism from environmental groups. The decision comes after an aggressive campaign from the project’s opponents, who have been saying that it conflicts with Biden’s efforts to fights climate change and shift to cleaner energy sources. Meanwhile, Alaskan government officials say the project will create hundreds of jobs and bring billions of dollars in revenue to state and federal budget. Although Alaska relies heavily on oil revenue, the output has been steadily declining from its peak in late 1980s. 

Port of Los Angeles’ Supply Chain Problem: Will Night Shifts Come to the Rescue?

The Port of Los Angeles is working towards a night shift increase to move more cargo due to high demand for consumer goods. Closing factories and ports and shortage of workers point to a possible supply chain crisis, which could cause unmet demand. The Port of Los Angeles is the primary US trade gateway to China. 

EU Bans Russian Semi-Finished Steel Imports in Eighth Sanctions Package

The EU has announced eighth sanctions package on Russia, which includes a ban on the import of Russian semi-finished steel products. The European Commission said it was also banning the export of coal, including coking coal, which was used in Russian industrial facilities. The EU previously banned imports of finished steel from Russia as part of sanctions imposed in March, while some semi-finished and raw material suppliers had also been previously hit by sanctions imposed on specific companies and individuals.

Stay informed

error: This content is protected !!