“We want the market to fill the gas storage facilities, not the government,” the spokesperson said at a regular government press conference.
German storages are 21.6% full, the lowest level for the time of year since at least 2011, Gas Infrastructure Europe data show
Berlin has repeatedly said gas supplies are secure this winter, pointing to new LNG terminals and deliveries by countries like Norway, Belgium or the Netherlands
The economy ministry says Germany is seeing more gas bookings for next winter than it had for this winter at this point in 2025, without providing more details
“So we are optimistic that the market has understood that there must now be a return to market-based pricing,” the spokesperson says
Commerzbank analysts say expiring EU regulation on minimum storage filling levels on April 1, 2027, and the planned phase-out of Russian pipeline gas by end of 2027 mean Germany needs a safety net
“A central pillar of this instrument could be the creation of a strategic gas reserve,” Commerzbank analysts say
Reporting by Thomas Seythal in Berlin, additional reporting by Nora Buli in Olso – Reuters
This article was originally posted at sweetcrudereports.com
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