Overview
- National inventories are roughly 32–36% full, with the Rehden site reported below 10%, according to AGSI and local reports.
- The economy ministry and the Federal Network Agency say the system is stable, citing diversified imports from LNG terminals and Norwegian pipelines.
- Energy regulator Klaus Müller has proposed a strategic national gas reserve, and the BDEW now publicly supports a crisis-only reserve designed to avoid market distortion.
- Storage operators and experts warn that stocks could drop below 14% by late March under normal weather and could be exhausted sooner in a prolonged cold snap, with wholesale prices already higher.
- Germany’s storage fill rules—80% by November 1 and 30% by February 1—remain in force until March 2027 but are under review, with auction-style mechanisms modeled on Austria under discussion.