The German Ministry of Economy said that at the beginning of winter, gas storage levels between 60% and 70% were sufficient, which meant that Germany, Europe's largest energy consumer, had a weak buffer against supply disruptions. “At the beginning of winter, inventory levels are expected to be between 60% and 70%, plus additional import capacity, which is generally sufficient to meet average winter demand,” the department said in a statement on Thursday. The statement also added that the government “can and will respond” if security of supply is threatened.

Disclaimer:Webull uses external vendor Google Translation Service for news translations where we endeavour to ensure these are correct, however, we recommend that you please double-check this information accordingly. Webull is not responsible for translation errors or issues.