德国天然气库容率：未达预期

Core Viewpoint - Germany's natural gas storage capacity is only at 7.5%, significantly below expectations and historical levels, raising concerns about energy supply stability for the winter season [1][3]. Group 1: Current Storage Situation - As of the beginning of the heating season, Germany's natural gas storage capacity reached only 7.5% of total capacity, while the expected level was 81% [3]. - The current storage level is much lower than the same period last year, where the storage capacity was at 98% [3]. - The storage capacity has remained at this low level since September due to higher-than-expected natural gas consumption [3]. Group 2: Future Projections - If the winter weather is mild, it is projected that Germany's natural gas storage could maintain at least 30% capacity by early February, meeting legal requirements [3]. - However, in the event of severe cold weather similar to that of 2010, existing stocks could be depleted by mid-January [3]. Group 3: Supply Challenges - The German Energy Storage Initiative Association has called for government measures to ensure stable and affordable natural gas supply to storage facilities [3]. - Following the escalation of the Ukraine crisis in February 2022, Russia, previously the largest single supplier of natural gas to the EU, significantly reduced its gas supply to EU countries due to sanctions [4]. - Germany has sought alternative natural gas supply channels to reduce dependence on Russian gas but continues to face supply tightness and soaring prices [4].