德国天然气补库进度堪忧 冬季供应安全面临考验
智通财经网·2025-06-12 12:41

Core Insights - Germany's largest gas storage facility, operated by Uniper SE, failed to find buyers in a recent auction, complicating the country's efforts to replenish gas reserves ahead of winter [1] - The Breitbrunn underground gas storage facility is currently two-thirds empty and is unlikely to meet the 80% replenishment target by November [1] - Germany's gas storage progress lags behind other EU countries, despite the overall EU storage level exceeding 50% [1] Group 1 - The Trading Hub Europe GmbH may need to intervene in the gas market to ensure sufficient inventory before the heating season, as Uniper has warned that the Breitbrunn facility will not meet the November replenishment target [2] - The German Ministry of Economy indicated that any intervention measures for gas storage this year will face high thresholds [5] - Uniper plans to close the Breitbrunn facility by early 2027 due to challenging market conditions and regulatory constraints, pending approval from the German energy regulator [5] Group 2 - The Rehden gas storage facility, Germany's largest, is nearly empty, highlighting broader issues faced by storage operators in achieving profitability despite their critical role in the energy system [5] - Market participants are closely monitoring how Germany will address potential gas supply shortages, given its status as the largest market in Europe with the highest industrial gas demand [1]