Germany Weighs Market Incentives to Boost Record Low Gas Storage Level

Germany is considering expanding a key market incentive to encourage traders to raise gas storage levels ahead of the winter, a government source told Reuters on Wednesday as German gas sites are barely half full at present. Europe’s biggest economy has the world’s fourth-largest natural gas storage capacity, but this capacity has been only 56% full as of the middle of September, according to data by Gas Infrastructure Europe. That’s a historically low level, the lowest in at least a decade and a half, as soaring natural gas prices…