Economic Impact - Germany could face economic losses of approximately 40 billion euros if this winter is colder than average, potentially leading to a recession [1] - If gas storage reaches 90% capacity, the economic loss from a very cold winter would be reduced to 14 billion euros, indicating a significant difference of around 25 billion euros between the two scenarios [3][4] Gas Storage and Supply - Germany's gas storage is currently over 76% full, but it needs to reach 90% to mitigate severe economic impacts [3] - Maintaining 90% storage during peak demand is challenging, and some financial damage is expected regardless of storage levels [5] Alternative Perspectives - A report from Independent Commodity Intelligence Services suggests that even in extreme cold, the supply security of natural gas in Germany remains intact, alleviating some concerns [6] - ICIS indicates that Europe has sufficient regasification capacity to ensure gas supply, although prices may rise due to increased demand for LNG during winter [7]