Germany will face gas shortages until the beginning of 2027. informs Bloomberg cited the statement from the German Association of Gas Storage Operators (INES). CEO Sebastian Bleschke said such a problem could arise for Europe’s largest economy in the absence of new terminals, storage facilities and gas pipelines to receive liquefied natural gas (LNG).
Gas storage facilities in Germany are now up to 90% of their total capacity. But cold weather in the next heating season could jeopardize the country’s energy security.
“The danger of gas shortages at low temperatures remains and will accompany us until winter 2026/2027 unless additional infrastructure measures are taken,” said Bleshke.
Active fuel infrastructure construction in Germany started last year due to the sharp decline in pipeline supplies from Russia. Berlin began buying pipeline gas from Norway and the Netherlands, and has also increased its supply of liquefied natural gas and coal. Capacity building outlined in INES should continue this year.
Fatih Birol, the head of the International Energy Agency, warned in early July that energy prices could rise significantly this winter if the winter is harsh. On the eve of gas prices in Europe reached a maximum for the past few months. At the TTF headquarters in the Netherlands, the September futures price of natural gas increased by 31.7% to US$471.7 per 1,000 cubic meters. m tracks from London Stock Exchange ICE data. It fell to $443.52 per thousand cubic meters at auction on Thursday.
Formerly Europe estimated further deindustrialization due to higher gas prices.