economy
January 12, 2026
German gas reserves at ‘historic low’
Gas storage levels in Germany have hit a historic low due to unusually rapid depletion amid cold weather, industry experts warn
TL;DR
- Germany's gas storage levels are at a historic low, significantly lower than the previous year and the long-term average.
- Cold weather in late December has increased heating demand, leading to rapid depletion of gas reserves.
- Experts warn that current withdrawal rates could lead to storage levels falling to critical lows before the end of the heating season.
- LNG imports may not be sufficient to cover the demand shortfall.
- Calls for government intervention, including a national gas reserve, have been made.
- EU gas storage withdrawals are proceeding faster than usual, with warnings of potential shortages.
- The EU has reduced Russian energy imports following sanctions related to the Ukraine conflict.
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