Germany' SEFE allocates 3 TWh of auction volume into Rehden gas storage
German gas company SEFE said on Wednesday it had allocated three terawatt hours (TWh) of natural gas storage space at its northern German Rehden facility, the entire working gas volume it had offered at an auction.
"SEFE Storage has allocated the storage capacity of approximately 3 TWh for the remainder of the storage year 2025/2026 in underground storage Rehden on the PRISMA capacity platform," the company said in a statement.
Wholesale energy traders are keen to learn whether or not gas reserve-building continues in Germany at sufficient levels ahead of the coming winter, as it is Europe's leading storage location.
German storage units at the beginning of this week were 62.5% full, compared with 90% a year ago, internet data from European operator group GIE showed. Of Germany's technically possible gas storage capacity of 248 TWh, Rehden accounts for 45 TWh, and is therefore a useful pointer to the overall picture of stockpiling.
SEFE - or Securing Energy for Europe - prior to the auction recorded a volume of 5.5 TWh at Rehden, a filling level of 12%. Rehden has a November 1 filling target of 45% under German energy security provisions. As a so-called porous storage, it takes relatively longer to fill than cavern storage facilities, which represent the bulk of German capacity.
On PRISMA, the names of bidders or the size of their allocations are not identified.
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