Reasons for the collapse of natural gas prices in Germany
In view of the sharp drop in the price of natural gas in Germany, the latest report released by the German natural gas storage regulatory agency shows that as of last week, the natural gas storage in Germany has reached 0.78% of the total capacity, and it is expected to achieve the gas storage target of 85% ahead of schedule. Germany's natural gas reserves were faster than expected, which led to a sharp drop in natural gas futures prices.