Industry Group Says German Gas Storage At Record Low For Time Of Year
Germany’s gas storage facilities are currently less full than at any point at this time of year since records began in 2011, according to gas storage group INES.
"The current gas storage level is by far the lowest ever recorded for this time of year in Germany," said Sebastian Heinermann, managing director of INES. "It is therefore a historic low."
The German Economy Ministry sought to ease concerns about possible shortages over the winter on Thursday, stating that based on current data, a gas shortage was not anticipated. They noted that while Germany’s gas storage facilities are significantly less full than in previous years, security of supply cannot be judged solely on storage levels.
Germany also receives gas via pipelines from Norway, liquefied natural gas (LNG) import terminals and neighboring European countries.
Heinermann mentioned that storage facilities are currently 49% full, compared to 67% at the same time last year.
