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Germany’s Gas Storage Slides to Winter Lows as Cold Snap Drains Stocks

Regulators say LNG import capacity should prevent an immediate supply shortfall.

Overview

  • Storage levels stood around 42% this week, with AGSI reporting 37.49% on Jan. 24 compared with 58.11% a year earlier.
  • Germany entered the heating season at roughly 75% after the government eased storage targets, down from 98% on Nov. 1, 2024.
  • Storage operators and INES warn that an extended cold spell could strain supply and call the pre‑winter filling insufficient.
  • The Bundesnetzagentur describes supply as stable, with expanded LNG terminals expected to cover demand through winter.
  • Wholesale gas prices have started to rise, and households face higher heating bills, with Techem pointing to a roughly 9.7% increase for gas in 2025.