Gas supply: Ministry of Economic Affairs sees no need for action on gas storage facilities
At the beginning of September, German gas storage facilities are around 53 percent full - the lowest level ever recorded at this time. Nevertheless, the Ministry of Economic Affairs sees no danger of a gas shortage.
Germany's Federal Ministry of Economic Affairs sees no need for government intervention despite historically low gas storage levels. According to a report, a gas shortage this winter is not expected, citing the interplay of storage, pipeline and LNG imports, and demand. Germany's security of supply is bolstered by new LNG terminals and lower demand.
The ministry believes storage levels of 60-70% at the start of winter, combined with import possibilities, will meet expected winter demand. The slower-than-usual filling of storage is attributed to higher and more volatile prices on international gas markets due to the Middle East conflict.
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.
