German gas storage companies warning of low reserves in the midst of wars.
The German gas storage companies were warned in the midst of ongoing wars against the reduction of gas reserves and the possibility of shortages on the eve of the winter season.
According to the industry association "Innes", Germany should check and strengthen the mechanism of filling its underground tanks and gas storage facilities; Because the level of gas reserves in Europe's largest economy, on the eve of the winter season, is still at an all-time low.
The amount of German gas reserves reached 35.61% by the end of October. The figure is much lower than the 80% target set by the state government for November 1.
This situation increased concerns about the possibility of gas shortages; However, the government announced that there would be no interruption in the gas supply.
Sebastian Heinerman, CEO of INS, said in a statement, "The failure to achieve the goals set for the level of reserves shows that we must strive more seriously to secure gas reserves for the coming winters." According to this association, one of the main factors for reducing gas reserves was the war against Iran and its effect on energy prices. An issue that made filling the gas tanks in the summer season economically unviable and operationally difficult.
In addition, the European Union imposed sanctions on natural gas imports from Russia following Russia's ground attack on Ukraine.