Storage targets met in Germany, gas to be cheaper soon, says minister

EU to hold emergency energy talks on September 9, says minister

German Economy Minister Robert Habeck expects gas prices to fall soon as Germany is making progress on its storage targets and won't have to pay the high asking prices currently commanding the market, he said on Monday.

“As a result, the markets will calm and go down,” he said, adding that they had shot up recently due to high demand as well as market speculation, which could not be sustained long term.

Germany’s gas storage facilities are nearly 83 per cent full and will hit 85 per cent full in early September, Habeck said at an energy event in Hamburg. Germany has