Why are Germany gas storage levels falling now?

A sustained cold snap increased heating demand and sped up withdrawals. Gas-fired power can also rise when wind output dips. Inflows continue, but short cold bursts can outpace them for a few days. That combination lowered the cushion faster than usual for mid-February and prompted a policy review.

How does Germany LNG capacity help if cold persists?

Spare regas capacity at floating terminals allows shippers to bring in more LNG if they book slots. Extra send-out can partly replace storage draws and stabilize balances. The benefit depends on vessel availability, weather, and scheduling, but it provides a flexible option during short tight periods.

What could move European gas prices next week?

Weather forecasts, LNG arrival timing, and any policy messages will drive the prompt. A new cold spell or port delays could lift prices, while faster send-out or milder weather would ease them. Markets will also watch daily changes in Germany gas storage levels for signals on how tight balances remain.

What can German manufacturers do to manage risk now?

Check hedge coverage, update procurement plans, and stagger purchases to avoid buying peaks. Improve on-site efficiency and fuel-switch where possible. Monitor storage data, LNG slot awards, and any guidance following the Bundestag gas meeting. Clear, frequent updates help align production schedules with expected input costs.

Global Market Insights

Germany Gas Storage, February 15: Low Levels Prompt Closed-Door Session

ByHuzaifa Zahoor February 15, 2026February 15, 2026

Germany gas storage levels have dropped after a persistent cold snap, raising questions about supply security and winter-end risks. On 15 February, the Bundestag held a closed-door session with the economics minister and the regulator to assess options. Officials point to spare LNG terminal capacity and cross-border storage support. We explain what this means for industry margins, heating demand, and European gas prices into late February. Our focus is on practical signals investors in Germany should track now.