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Germany plans to establish a strategic gas reserve to improve energy security
The German Ministry of Economics announced plans to establish a strategic natural gas reserve containing approximately 24 TWh, which is less than 10% of Germany's total gas storage capacity. The goal is to protect the country from extraordinary circumstances such as infrastructure threats or global gas supply shortages. Gas procurement will take place over two to three years, with bookings starting during the winter of 2026/2027 and the reserve being filled in summer 2027. The estimated cost is between 1.2 and 1.5 billion euros. The plan aims to enhance Germany's energy security following disruptions in gas supplies from Russia.
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