Overview

• The Rehden site is only 2.3 percent full – matching its lowest level since early summer 2022 – and the Breitbrunn facility remains about one-third filled after failing to auction spare capacity.
• Economy Minister Katherina Reiche suspended the federal gas emergency alarm stage this week, citing stable supply contributions and price levels despite critical lows at key storage sites.
• A persistent inversion of summer-winter price spreads has undercut commercial incentives to inject gas, leaving many storage capacities unbooked.
• The EU has eased mandated storage targets and Germany approved a gas extraction deal with the Netherlands, though planned fields will supply only about 1 percent of national consumption.
• Trading Hub Europe is tasked with purchasing gas to meet any shortfall at market prices, with costs passed to consumers through the gas storage levy.