Germany’s Gas Refill Season Looks Tough, Market Manager Says

Germany’s gas storage operators are set to face a “difficult” stockpiling season this summer as it’s unprofitable to refill the vast sites, according to the country’s market manager.

“Summer prices are relatively high, while winter 2026/27 prices are more or less at the same level, so there is no incentive to buy gas in summer and pay for storage,” said Torsten Frank, managing director of Trading Hub Europe GmbH. “That makes it very difficult for storage operators to sell their storage capacities for the next year.”