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Germany Misses Gas Storage Target as Prices Soar

Published · 1 min read

Germany has missed its gas storage target for the start of winter, filling only about 61% of its storage capacity, despite warnings from the industry body INES.

This shortfall, along with high gas prices, poses a significant challenge for the EU's largest gas consumer. To secure winter supply, the government is considering mandatory gas purchases or increased coal usage, both of which are unappealing due to environmental concerns. Additionally, colder-than-usual temperatures are expected, potentially exacerbating the situation.

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