![\"\"\/](\"https:\/\/www.europesays.com\/germany\/wp-content\/uploads\/2026\/08\/-1x-1.png\")
<\/p>\n(Bloomberg) — Germany can still reach its target of filling gas storage sites to 70% by Nov. 1 from its current low levels, Uniper SE Chief Executive Officer Michael Lewis said.<\/p>\n
\u201cWe can still get there, but we do have to see the market prices move to incentivize the filling of the storage,\u201d Lewis said in an interview with Bloomberg Television on Tuesday.<\/p>\n
Germany has Europe\u2019s largest gas-storage capacity, but it currently lags behind the rest of the region. Its sites are just over 48% full, compared with a European average of about 59%.<\/p>\n
<\/p>\n
Germany entered the injection season this spring with unusually low inventories after cold spells reduced storage levels to around 20%. The war in the Middle East has since pushed up gas prices, making it more expensive to buy the fuel in the summer than in the winter and discouraging stockpiling.<\/p>\n
\u201cHowever, we are seeing the forward curve come up a little bit, and of course we\u2019re now starting to see people think about the winter and what we might do,\u201d Lewis said.<\/p>\n
However, Lewis said storage levels are only one part of ensuring sufficient supplies for the coming heating season, as Europe also depends on continued liquefied natural gas imports.<\/p>\n
\u201cWe need to make sure that the LNG flows to Europe this winter, and that\u2019s why we need a resolution of the Strait of Hormuz closure as soon as possible,\u201d Lewis said. \u201cWe need a peace deal in the Middle East.\u201d<\/p>\n
When asked by journalists about possible government intervention to boost storage levels, Lewis said that \u201cad-hoc interventions are always unpredictable\u201d and best avoided.<\/p>\n
\u00a92026 Bloomberg L.P.<\/p>\n","protected":false},"excerpt":{"rendered":"(Bloomberg) — Germany can still reach its target of filling gas storage sites to 70% by Nov. 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