Natural gas futures prices plunged more than 27% on Tuesday after Germany said its reserves are filling up faster than expected.
Recently, Gas Infrastructure Europe (GIE) mentioned that Germany has so far managed to fill more than 80% of its gas storage capacity, surpassing its target of 75% for September this year, remarks confirmed today by Germany's Chancellor Olaf Scholz in a statement to the press. Despite the relief, deliveries remain tight for now, and the winter prospects are still very uncertain.
UK natural gas futures for delivery in September fell 27.38% to 465.000 pence per therm at 10:45 am CET.
