Germany plans emergency national gas reserve
04:31
Germany’s government approved a draft law Wednesday to create a national gas reserve for exceptional supply emergencies, including sabotage, according to a dpa report carried by Bankier.pl. The measure proposed by Economy Minister Katherina Reiche would allow reserve gas to be used only in specifically defined circumstances. Financing would come from a charge imposed on gas consumers. The legislation follows concern over inventory levels ahead of winter and the potential consequences of unusually cold weather or major disruptions.
According to the report, German gas storage facilities failed to reach an average fill level of 70% by November 1, contrary to the applicable target. A ministry spokesperson nevertheless said supplies for the coming winter were secured. Storage operators had warned that an exceptionally cold season could create additional pressure. The proposed mechanism addresses exceptional disruptions rather than shortages occurring in Germany.