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The story so far · 5 days, November 2 to 12, 2026
One Turn followed this story across 5 editions, from Berlin, Germany on November 2, 2026. Newest first.
Germany has restructured energy supply since losing Russian gas.
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The German cabinet approved a draft law for a strategic gas reserve of 24 terawatt-hours, about 10% of storage capacity. Gas projects won all 5.16 gigawatts in Germany's first capacity auction. Experts also warned about rising debt.
Why it matters: It aims to protect supplies during emergencies.
Sources: AFP via France 24 via Wikipedia, OilPrice, Le Monde · See it on the globe
European gas prices rebounded as uncertainty over the Iran war returned. Germany's cabinet approved a strategic gas reserve of 24 terawatt-hours. Germany's first capacity auction went entirely to gas plants.
Why it matters: Gas reserves and supply deals shape winter heating and power costs in Europe.
Sources: OilPrice, AFP via France 24 via Wikipedia, OilPrice · See it on the globe
Europe's gas storage ahead of winter fell to its lowest since records began in 2011, after the Iran war. Heating costs could rise.
Why it matters: Households face possible higher heating bills.
Sources: Yonhap (Korean) · See it on the globe
The IEA said gas markets could stay tight into 2027. Europe's storage is the lowest in over a decade for this point. Egypt's LNG import bill has doubled because of the Iran war.
Why it matters: Households and industry face higher heating and power costs.
Sources: OilPrice, OilPrice · See it on the globe
Germany missed its storage goal for the start of winter. The EU's largest economy faces a hard heating season. European gas prices are rising.
Why it matters: Heating bills may rise in Europe.
Sources: OilPrice · See it on the globe