EconomyWhy are Germany's gas storage levels so low?

Germany’s gas storage facilities are only 50.14% full, the lowest mid-August level in several years. The Iran war and closure of the Strait of Hormuz have pushed up gas and LNG prices, while traders are betting prices will fall if the war ends. German grid operators say the government’s target of 71% storage by November 1 is now virtually unattainable, warning that winter supplies could be at risk.

Germanygas storageStrait of HormuzIran war

DDW★★★★☆2026-08-20 14:36Original