"Serious Warning": Germany Misses November NatGas Storage Levels As Cold Snap Looms

Summary

"Serious Warning": Germany Misses November NatGas Storage Levels As Cold Snap Looms Germany faces an imminent cold snap with natural gas inventories well below their 15-year seasonal average , leaving Europe's largest economy with a limited buffer against back-to-back cold blasts. Prolonged cold would accelerate storage withdrawals and increase dependence on costly replacement LNG supplies from international markets. European NatGas prices are trading north of 100 euros per megawatt-hour. Germany's gas storage was about 61.2% full on Saturday, short of the 70% average it was supposed to reach…

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