Germany
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Germany lagging behind winter gas storage target as prices stay high

Germany has filled only about 61% of its gas storage, falling short of the 80% target for the start of winter, while the European gas benchmark has stayed above 100 euros per megawatt hour since last week. The shortfall matters because Germany holds more than one‑fifth of the EU’s total gas storage capacity and is the bloc’s biggest natural‑gas consumer.

Key facts

  • INES warned in September that Germany could only reach 77% storage by 1 November at the current LNG purchase rate.
  • INES said the war in the Middle East has made refilling gas storage uneconomical.

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Why it matters

Insufficient storage and high prices could strain Germany’s energy supply this winter.

What changed

  1. First published from OilPrice.com