Germany’s economy ministry has stated that it does not plan to establish a national gas reserve, relying instead on recent legislative changes to ensure supply security. These changes align domestic rules with anticipated EU regulations, requiring gas storage facilities to be 80% filled by November 1, offering more flexibility than the previous 90% requirement.
Since the energy crisis triggered by Russia’s invasion of Ukraine in 2022, EU countries have prioritised gas storage to mitigate supply disruptions. Germany, as mainland Europe’s largest gas consumer, has seen proposals for a permanent national reserve from industry groups. However, the ministry maintains that supply is secure and highlights concerns about additional state measures potentially increasing consumer costs.
Current gas stockpiles in Germany stand at 45.8%, significantly lower than the 76.8% recorded a year ago. The ministry’s decision reflects a focus on private sector responsibility in maintaining supply levels.
— new from Reuters