Germany Establishes 24 TWh State-Owned Strategic Natural Gas Reserve on July 7

According to Germany's Ministry of Economics and Energy on July 7, Germany announced plans to establish a state-owned strategic natural gas reserve totaling 24 TWh, accounting for roughly 10% of the country's total gas storage capacity. Initial injections are scheduled to begin in summer 2027, with procurement completed over the next two to three years. The reserve aims to address potential disruptions to critical energy infrastructure or severe global natural gas shortages.

The project is estimated to cost €1.2–1.5 billion, with funding to be raised through taxes levied on natural gas consumers. Cabinet approval is expected by mid-August.