Yesterday at 10:17 AM | Gas

Germany sees gas storage intervention inappropriate — Bloomberg

Germany sees gas storage intervention inappropriate — Bloomberg

Germany considers intervention in gas storage replenishment as a last resort, even if its target levels are not met. If liquefied natural gas supplies keep arriving in the country by the start of November, it may not be appropriate for the market operator, Trading Hub Europe (THE) to step in to support injections. This was stated in a memo from the country's Federal Ministry for Economic Affairs.

Storage facilities in the region exited winter with unusually low energy reserves. In recent weeks, Germany has lagged behind some neighbors, including Italy and France, in injection rates. These countries have already implemented market support measures, Bloomberg reports.

Germany previously lowered its national gas storage targets in an effort to ease pressure on consumers and suppliers. Earlier this year, speculation about storage difficulties rendered stockpiling economically unviable. Injection typically occurs during periods of low energy demand to enable subsequent sales at higher prices.

Germany’s Ministry for Economic Affairs stated that THE’s intervention in this matter would be inappropriate. Under EU requirements, any support measures must be strictly limited to the essential minimum.

Elena Berseneva MarketCheese
Period: 13.06.2025 Expectation: 30000 pips
Buying ETHUSD with $3000 target with resistance breakout underway
Yesterday at 11:20 AM 46
Period: 30.05.2025 Expectation: 100 pips
Natural gas depreciates due to temporary halt of Freeport LNG facility in Texas
Yesterday at 11:01 AM 38
Period: 06.06.2025 Expectation: 2500 pips
USDJPY soars amid blocking of Trump’s trade duties in court
Yesterday at 09:01 AM 46
Period: 06.06.2025 Expectation: 300 pips
Buying Brent crude up to $68 per barrel
Yesterday at 08:35 AM 39
Period: 04.06.2025 Expectation: 1000 pips
NVIDIA stocks rise amid expectations for release of results for Q1 of 2025
28 May 2025 76
Elizabeth_Kuzmicheva
Elizabeth_Kuzmicheva

Listed among the best MarketCheese authors
1st in the segments "Metals" and "Oil and gas"
Period: 06.06.2025 Expectation: 2000 pips
USDCAD rebound from 1.37 will be short-lived
28 May 2025 61
Go to forecasts