Why Germany's Gas Storage Levels Are so Low
FNB Gas said the 71% target by Nov. 1 is now virtually unattainable as traders wait for lower prices and winter supply risks grow.
8 Articles
8 Articles
German gas storage facilities are unusually empty. There is no immediate threat of a gas shortage – but a cold winter could drive prices up further.
By the beginning of November, gas storage in Germany must be almost full. Half of them are still empty. And the time is running out for the dealers. According to the energy industry, the specifications are hardly possible.
Germany's gas storage facilities are only about 50 percent filled. Network operators now consider the winter target "practically unattainable". The situation in Austria and in Europe is so tense.
The legally mandated target cannot be reached at the current pace. This will likely force the federal government to make an unpleasant decision.
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