Germany gas storage hits record low for this time of year, industry group says

Germany's gas storage facilities are at a record low for this time of year, according to the gas storage group INES. The group said current storage levels are the lowest ever recorded for late August since records began in 2011.

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INES managing director Sebastian Heinermann told dpa that the current gas storage level is 49%, compared with 67% at the same time last year. He described the figure as a historic low.

The figures were reported from Berlin. Germany's Economy Ministry said on Thursday that, based on current information, a gas shortage was not expected.

The ministry said it was taking seriously the fact that storage facilities are significantly less full than in previous years, but added that security of supply cannot be judged on storage levels alone. It said Germany also receives gas through pipelines from Norway, liquefied natural gas import terminals and neighbouring European countries.

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