Germany’s energy regulator says winter gas supply is safe, focus is on next season

Germany’s energy regulator says winter gas supply is safe, focus is on next season

Germany has enough gas to get through the current winter season without the risk of a supply emergency, the head of the country’s network regulator told weekly Bild am Sonntag, adding the focus was now on the 2023-24 period.

“I don’t expect something to go wrong this winter,” Klaus Mueller was quoted as saying, adding Germany’s gas storage facilities would likely be more than 50-per-cent full once the winter season ends. Currently, levels stand at 90.97 per cent.

“We are now focusing on the next winter.”

Mr. Mueller said gas prices, which soared during 2022 but have recently come down again, had reached a “plateau” level that would persist for the next one to two years.

But he added that three risk factors might bring prices back up: colder temperatures in the upcoming winter season, higher gas demand in China and the vulnerability of gas infrastructure, referring to the sabotage of the Nord Stream pipeline.

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