Supply security: Are the gas storage facilities half full or half empty?
The wholesale gas prices are rising significantly due to the Iran war. How this affects the storage levels and energy supply.
Germany's gas storage facilities are currently 50.2% full, a historically low level for this time of year, according to the German gas storage industry association Ines. This compares to 67.4% last year and a target of 70% by November 1st. The low levels are attributed to high prices due to the Iran conflict, which is affecting global gas supplies.
The German economy ministry says a gas shortage this winter is unlikely but is monitoring the situation closely, citing potential risks from geopolitical developments and extreme weather scenarios.
Written by urgent.news from Handelsblatt's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
