Overview
- GIE data show storage near 53% in early January, the lowest at this point in years and declining rapidly.
- The network regulator says supply is secure today and estimates levels could reach about 50% within roughly a week.
- Pipeline gas from Norway plus LNG import capacity, including terminals on Germany’s coasts and links via neighbors, are cited as key buffers.
- Meteorologists forecast continued cold with heavy snow and severe frost, sustaining elevated heating demand.
- Analysts frame the main near‑term risk as price spikes rather than shortages, with legal storage minimums due on Feb. 1 at 30% nationwide and 40% for four Bavarian sites.