Gas storage operators such as Trading Hub Europe (THE) are warning in German media of potential difficulties in natural gas supply during the winter months, which could lead to rising energy prices. Experts also indicate that reserves in German gas storage facilities may not be sufficient to cover demand during the winter period, especially in the event of exceptionally cold weather or supply disruptions.
The main problem is the reduction in gas supplies from Norway, which is currently Germany's primary gas supplier following the cutoff of Russian supplies. Norway is planning maintenance work on its gas pipelines in 2026, which could significantly reduce gas exports. Moreover, Germany is increasingly reliant on imports of liquefied natural gas (LNG), which is more expensive than gas delivered by pipeline. Operators indicate that current gas reserves are sufficient for approximately 2-3 months of intensive consumption, but in the event of a harsh winter or supply interruptions, the situation could deteriorate.
An additional challenge is the lack of sufficient LNG regasification capacity in Germany. Germany has invested in floating LNG terminals, but their throughput is limited, and the construction of new onshore facilities is ongoing. The article also emphasizes that high gas prices in Asia could cause LNG shipments to be directed there instead of to Europe, further complicating the situation.
Experts such as Sebastian Hein, quoted by the German newspaper Die Welt, are calling for caution in the management of gas reserves and emphasizing the need to diversify energy sources. In the background, there are also concerns about the competitiveness of the German economy, which is grappling with high energy costs affecting industry, particularly energy-intensive sectors such as chemicals and steel.
