Germany is considering the future gas market, including a strategic reserve.

The German government is engaging with various stakeholders to explore the development of the nation's gas market, according to a spokesperson from the economy ministry. This raises the possibility of establishing a strategic gas reserve in the country.

At a regular press conference, the spokesperson emphasized that the goal is for the market to be responsible for filling gas storage facilities rather than the government.

Current data from Gas Infrastructure Europe indicates that German gas storages are at 21.6% capacity, marking the lowest level for this time of year since at least 2011.

Berlin has consistently assured that gas supplies will be secure this winter, highlighting the introduction of new LNG terminals and imports from countries such as Norway, Belgium, and the Netherlands.

The economy ministry noted an increase in gas bookings for the next winter compared to this winter at the same time in 2025, although specific details were not disclosed.

The spokesperson expressed optimism that the market recognizes the need to revert to market-driven pricing.

Commerzbank analysts point out that the expiration of EU regulations regarding minimum storage levels on April 1, 2027, along with the planned cessation of Russian pipeline gas by the end of 2027, creates a need for a safety net in Germany.

They suggest that a key component of this safety net could involve establishing a strategic gas reserve.