The Federal Network Agency has stated that the current requirements governing gas storage capacity are obsolete. While Müller, the agency’s president, acknowledges that these mandates proved useful during the recent crisis, he contends that the potential pitfalls and misaligned incentives now outweigh any benefits.
The rules originated in 2022, when gas markets experienced widespread panic due to Russia’s invasion of Ukraine. However, Müller asserts that these regulations are no longer functional today, noting that German gas storage levels have not been as low in a long time. The existing Energy Industry Act requires that most gas storage facilities be filled to 80 percent by November 1st, with the requirement being 45 percent for some other specific storage types. This system is intended to secure supply during winter months, particularly if demand spikes severely. If traders fail to meet these targets, the state has the power to mandate specific filling levels.
Müller also warns against undue speculation from gas sellers. These traders might gamble on the assumption that the government will purchase gas regardless of the price. “Traders could speculate that the state will eventually refill the empty storage tanks,” Müller commented, “even though there is currently sufficient gas available on the global market.” He argues that these storage mandates do not offer a price advantage to German customers.
Without these compulsory fill levels, gas traders would bear a greater degree of responsibility. Müller told The Zeit that if he managed to secure a municipal utility as a customer-providing them with gas-he would need to ensure that supply, whether during a mild or extremely cold winter. Instead of relying on state intervention, traders would be required to secure their own supply through pipeline networks, liquefied natural gas, or storage facilities.
