Olaf Lies Calls for Measures Against High Energy Prices - Germany's gas crisis deepens as storage levels hit record lows ahead of winter

Lower Saxony's Minister-President Olaf Lies has raised serious concerns about Germany's worsening energy crisis. With gas storage levels dangerously low and fuel prices climbing, he warns that urgent action is needed before winter arrives. His comments come as tensions with Iran add further uncertainty to an already fragile supply situation.

Gas storage facilities in Germany now stand at just 20.7% capacity, far below the 44% recorded at the same time last year. This figure is also half the usual level for February, with the current total already lower than the lowest point of last winter. To meet the 70% target by November, around 125 TWh of gas must be secured—costing roughly €6.25 billion at current market prices. Despite the shortfall, officials confirm that supplies remain stable for the immediate winter.

Lies has criticised the renewed debate over nuclear power, arguing it creates unnecessary anxiety for both the public and industry. Instead, he stresses the need to diversify gas sources and boost domestic production, particularly from the North Sea. He is also pushing for a third liquefied natural gas (LNG) terminal in Wilhelmshaven to strengthen supply routes. The minister has not shied away from addressing rising fuel costs, calling on oil companies to take steps to ease the burden at petrol stations. At the same time, he urges the federal government to explore all possible measures to prevent a deeper crisis. His warnings extend to potential fallout from a conflict with Iran, which he describes as a real and pressing risk.

Germany's gas reserves are at their lowest in years, with refilling costs running into billions. Lies insists on expanding LNG infrastructure, increasing domestic output, and preparing for worst-case scenarios. Without swift action, he warns, the country could face severe energy shortages as temperatures drop.