Germany Plans to Force Gas Firms to Secure Reserves for Winter

And how will it do that – because reserves need storage space which is not infinite. Also, one needs to have booked such storage in advance before one can pump gas in. This all plus buying gas at some time when it’s not needed to have it later also costs money. Make no mistake – having reserves handy when things are mad is a good thing to have. But Europe has just spent 20 years converting a market that was dominated by utilities and security of supply towards a short-term, traded market. The mindset has changed.

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