Uniper CEO warns of gas shortages for next winter
Uniper CEO Michael Lewis warned that German gas caverns are filling too slowly, with current levels at 30.64% compared to 38.65% last year. He called for regulatory incentives like price guarantees to ensure storage facilities reach necessary levels before the winter season begins.
UNIPER SE CEO Michael Lewis warned that Germany faces a potential Natural Gas shortage next winter unless storage injection rates accelerate. Current storage levels sit at 30.64%, trailing the 38.65% recorded during the same period last year. For investors, the slow refill rate threatens energy price stability and industrial output across Europe’s largest economy.
### Why Storage Refills Are Stalling Storage levels have risen since March, but Lewis told Frankfurter Allgemeine Zeitung that the pace is too slow to ensure winter security. Higher gas prices following the war in Iran have reduced the incentive for utilities to buy and store fuel during the spring.
