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Germany to broaden gas auctions for winter security
The German government and the gas market management company are studying the expansion of long-term option tendering to secure winter supplies, aiming to encourage suppliers to keep additional quantities of gas available during the cold season. The plan includes offering up to 5 billion cubic meters of gas, approximately 50 terawatt-hours, covering around 20% of total storage capacity, to address the current low storage levels, which have fallen to 56%, the lowest since data recording began in 2009. Germany is facing difficulties in reloading its inventories due to rising European futures prices and escalating regional conflicts, which have increased the economic costs of summer storage. The mechanism relies on obligating suppliers to inject gas in exchange for long-term option fees, allowing storage expansion without direct market purchases, with expected coordination on the additional volumes in the coming days. This policy is considered a logical solution to prevent further deterioration of storage levels and to ensure supply stability throughout winter.
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