Germany Discusses Creating State-Owned Strategic Gas Storage

Germany is examining whether it should create a strategic store of gas, a smaller version of America’s emergency oil reserve, according to people familiar with the plans.

The economy ministry has commissioned experts to look into the feasibility of state-owned gas storage, said the people who couldn’t be named as the matter is confidential. Most gas sites are filled by private companies which buy the fuel in summer and pay to store it until winter when they hope to sell it back to the market for a profit.