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Investing.com -- Germany has no plans to establish a national gas reserve, according to an economy ministry spokesperson who made the statement on Tuesday. The country will instead rely on recent legislation that changes required filling levels for upcoming winters to encourage private sector involvement in ensuring supply security.
Since the energy crisis that followed Russia’s invasion of Ukraine in 2022, European Union countries have increasingly turned to storage as a means to protect against potential supply disruptions.
Germany, which stands as mainland Europe’s largest gas consumer, was recently presented with a proposal from pipeline lobby group FNB last month. The proposal suggested a new approach to gas storage that included creating a permanent national reserve.
"There are currently no considerations by the economy ministry pertaining to this (a strategy storage)," the spokesperson stated in a written reply. The spokesperson added that the country’s gas supply remains secure overall.
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