German gas storage operators group INES on Thursday said there is no chance of a shortage this winter, citing lower demand and sufficient supply after inventories were filled to the brim.
"January did not show cold temperatures and was characterised by ongoing savings in consumption," said managing director Sebastian Bleschke in an online presentation of monthly statistics to reporters. "We'll get through this winter."
Looking ahead, a refilling of stocks ahead of winter 2023/24 would require seaborne imports of liquefied natural gas (LNG) to continue at high levels, which had come into play after pipeline exports from Russia dried up in the Ukraine crisis, said INES, which will detail winter 2023/24 supply in its April report. (Reporting by Vera Eckert, editing by Rachel More)
