Berlin/Ratingen, September 12, 2022 On April 30, 2022, the law amending the Energy Industry Act to introduce filling level specifications for gas storage facilities came into force. The main subject of the law are regulations for filling the natural gas storage facilities in Germany. Based on this law, Trading Hub Europe GmbH (THE) has been procuring gas volumes since the beginning of June 2022 and storing them in the respective storage facilities (so-called "Level 3").
THE intends to diversify its procurement approach in the near future. THE plans to use the futures market in addition to the spot market for injection and subsequent withdrawal.
The sale on the futures market is intended to ensure that part of the gas quantities procured in accordance with so-called "Level 3” are made available to the market on a price-secured basis. THE expects that this will foster liquidity at the THE trading point, particularly during the withdrawal phase.