Germany Faces Record Low Gas Reserves

Germany gas storage levels have fallen to a record low of sixty one percent ahead of winter. Industry association INES urges the government to enforce stricter storage rules after failing to meet the seventy percent target.

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FILE PHOTO: The Astora natural gas depot, which is largest natural gas storage in Western Europe, is pictured in Rehden, Germany, March 16, 2022

Germany storage levels for Natural Gas dropped to 61.03% on November 1, falling short of the 70% target ahead of winter. The shortfall highlights vulnerabilities in Europe's top economy as heating demand rises. Policymakers face mounting pressure to reform storage rules and guarantee supply security.