Germany Announces $1.7 Billion Strategic Natural Gas Reserve
Germany plans to establish a state-owned strategic natural gas reserve with an investment of up to $1.7 billion (€1.5 billion) over 2027 and 2028, funded by a levy on gas consumers. The emergency reserve will hold nearly 10% of Germany's total storage capacity and is intended to enhance energy security amid ongoing global supply disruptions.
Topics: energy security Germany government policy natural gas reserve