Berlin will fund a state-owned gas reserve holding nearly 10% of Germany’s total storage capacity to enhance energy security.
Germany will allocate $1.7 billion to establish a state-owned strategic natural gas reserve by 2028. The reserve aims to bolster energy security amid geopolitical risks and supply uncertainties.
The planned reserve will hold gas volumes equivalent to nearly 10% of Germany’s total storage capacity. Funding will cover construction and gas purchases for injection in 2027 and 2028.
The move follows heightened concerns over energy stability in Europe, particularly after disruptions linked to regional conflicts and supply constraints.