Russian Gas Cut-Off Scuppers German Plan to Bolster Reserves
- Germany set to miss target of filling storage to 95% by Nov. 1
- Indefinite halt to Nord Stream pipeline flows stokes prices
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Germany is unlikely to meet its target for filling natural gas storage sites to 95% by the start of November following the latest Russian supply cut, according to people familiar with the matter.
While Europe’s largest economy is ahead of schedule in its efforts to boost winter reserves, Russia’s decision last week to keep the key Nord Stream pipeline halted jeopardizes further refilling, the people said, asking not to be identified because the matter isn’t public.