Germany plans to spend €1.5 billion on a strategic natural gas reserve holding 2.3 billion cubic meters, roughly 10% of its underground storage capacity. The economy ministry is drafting the proposal, which could win cabinet approval by mid-August.
Germany intends to build a state-held natural gas reserve of 2.3 billion cubic meters and spend €1.5 billion to fill it, according to a Reuters report cited by AzerNews. The stockpile would equal about 10% of the total capacity of the country's underground gas storage facilities.
The reserve is meant to shield the country's energy supply during emergencies, including possible sabotage of critical energy infrastructure or severe shortages in the global gas market. The Federal Ministry for Economic Affairs and Energy is preparing the proposal, which could receive government approval by mid-August.
What the buildout would cost
Purchasing the gas and injecting it into storage across 2027 and 2028 would cost between €1.2 billion and €1.5 billion, according to the estimates. Running the reserve would add more on top: annual maintenance and storage expenses are projected at €150 million to €180 million.
Berlin frames the natural gas reserve as part of a broader effort to strengthen its energy security and improve resilience against potential supply disruptions.
Source: AzerNews
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