Olaf Lies Calls for Measures Against High Energy Prices - Germany's gas crisis deepens as storage levels hit record lows by 2026
Germany's gas storage levels have dropped to a critical low of just 20-24% by mid-February 2026. This marks a sharp decline from 44% at the same time last year and falls well below standard safety reserves. The situation has raised alarms as winter approaches, with officials warning of potential supply risks.
The current shortage stems from a mix of factors, including milder winter weather, increased exports to neighbouring countries, and reduced filling targets. Cavern storage sites now aim for just 80% capacity, while pore storage targets have been cut to 45%. To secure supply for the 2024/25 winter, the federal government is relying on liquefied natural gas (LNG) imports and market adjustments. A filling target of 70% by November—down from the previous 90%—has been set, though energy experts caution that low pressure levels could still pose serious risks. Some have called for a strategic reserve of 78 terawatt-hours (TWh) to bolster security.
Lower Saxony's Minister-President Olaf Lies has voiced deep concerns over the crisis. He stressed the urgency of diversifying Germany's gas sources, pushing for expanded LNG terminals and stronger supply lines from Norway and the Netherlands. Lies also advocates for a third LNG terminal in Wilhelmshaven, initially for natural gas imports but designed to transition to climate-friendly alternatives later. He further highlighted the role of domestic production, particularly in the North Sea, as part of a broader energy strategy. Beyond gas shortages, Lies addressed rising fuel prices at petrol stations, calling on oil companies to take action. He also warned that fears of a conflict with Iran could further destabilise energy markets, urging the federal government to prepare for all possible scenarios. Meanwhile, he criticised renewed discussions on nuclear power, arguing that such debates risk unsettling both the public and industry during an already volatile period.
With gas reserves at historic lows, Germany faces a challenging winter ahead. The government's reliance on LNG imports and reduced storage targets aims to stabilise supply, but risks remain. Officials continue to push for diversification, domestic production, and contingency planning to mitigate further disruptions.
