Overview
- German gas storage stood at just 51% capacity by the end of June, compared with around 65–70% in previous years at that point.
- Market bookings suggest facilities will reach only about 70% fill by November 1, falling short of EU targets of 85% by early October and 95% by early November.
- Initiative Energien Speichern cautions that a very cold winter could exhaust reserves by late January 2026, forcing reliance on liquefied natural gas imports.
- Elevated summer gas prices driven by Middle East tensions and global demand patterns have weakened commercial incentives to inject gas into storage.
- The Federal Ministry for Economic Affairs asserts that market‐driven bookings can achieve an 80% fill by early November, rejecting the need for state‐led storage interventions.