”At the beginning of February, gas storage levels in Germany are lower than they have been for a long time. A shortage is unlikely, as the current cold weather would have to continue well into March and suppliers could counteract this with higher imports of liquefied natural gas. However, gas storages are likely to be less full in the coming years than in previous years, which will increase the risk of shortages in winter and probably cause prices to fluctuate more. Thu Lan Nguyen AC Gas storage levels unusually low … German gas storages have emptied significantly in recent weeks. They are currently only about 25% full, which is more than 20 percentage points lower than a year ago (title chart). In the past ten years, this figure has never been so low at this time of year. Across the EU as a whole, gas storage levels are around 10 percentage points higher than in Germany. However, they are still 17 percentage points lower than normal for this time of year.”
Morten W. Langer
