Germany plans to boost gas storage support

Germany intends to increase incentives to encourage gas traders to retain additional quantities in preparation for winter, amid low stock levels reaching 53%, the lowest in early September in 15 years. This has raised concerns about supply shortages during the cold season. The plan includes increasing the volume of "long-term options" tenders to enhance gas storage without relying on direct government purchases, and implementing market-based tools to motivate traders to save. These measures come at a time when Germany is under pressure to boost its reserves ahead of the high-demand season, with the government aims to leverage the capabilities of companies like Uniper and Sefe, expand liquefied natural gas imports, and increase cooperation with partners such as the UAE, all in an effort to ensure supply security during the upcoming winter.

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