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German gas storage group urges clarity on summer filling policy
Published by Global Banking & Finance Review®
Posted on March 13, 2025
2 min readLast updated: January 24, 2026
Global Banking & Finance Review®
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Published by Global Banking & Finance Review®
Posted on March 13, 2025
2 min readLast updated: January 24, 2026
German gas storage group INES urges clarity on refilling policies as high summer prices threaten winter preparations.
FRANKFURT (Reuters) - German policymakers must decide how to refill gas storage caverns for the coming winter, storage operators' group INES said on Thursday, or there could be shortfalls.
The task is complicated by ongoing talks over the formation of a new government, and by the fact that summer prices are currently higher than winter prices. Some market players are betting that Germany will have to subsidise the feed-in.
"We cannot assume that the storage caverns will reach the legally required filling levels before the coming winter on a purely market economy-driven basis," said INES managing director Sebastian Heinermann, presenting a bi-monthly seasonal update.
INES' 16 members control around 25% of European Union gas storage.
The state-mandated gas market manager Trading Hub Europe (THE) is evaluating options with the energy regulator, but both report to the economy ministry. With coalition talks ongoing, there is no timeframe on a decision for how to proceed.
Germany's gas stores, which can hold 23 billion cubic metres, or a quarter of annual consumption, were 31.5% full as of Tuesday. A year ago, that level was 67%.
The current target under national and EU law, drawn up in the 2022 energy crisis, is for stores to be 90% full by November 1.
Current high summer prices are encouraging the withdrawal of volumes from storage for sale. Some 120 terawatt hours (TWh), or half of full capacity has been flowing out of the caverns since the start of the year, INES data show.
(Reporting by Vera Eckert Editing by Mark Potter)
The article discusses the need for clarity in German gas storage policies amid high summer prices and political uncertainties.
Summer prices are currently higher than winter prices, leading to withdrawals from storage and complicating refilling efforts.
INES, Trading Hub Europe, and the energy regulator are involved, but decisions are pending due to ongoing coalition talks.
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