Germany will abolish a controversial levy on natural gas storage which countries in central Europe have had to pay to get gas piped through Germany.
Germany will abolish from 2025 a controversial levy on natural gas storage which countries in central Europe have had to pay to get gas piped through Germany . Countries in central Europe, including Austria, the Czech Republic, Hungary, and Slovakia are being charged by Germany with the so-called gas storage levy on exports of natural gas from Germany .
Still, an increase in the tax will go as planned from July 2024, Giegold added, as quoted by Bloomberg. For traders within Germany, the gas storage levy will remain beyond 2025, the official noted. “It was never our intention to hamper the diversification away from Russian gas,” Giegold said, commenting on the announcement of scrapping the gas levy for cross-border transit.
Natural Gas Geopolitics Energy Security Tax Transit
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