German gas imports rise to two-year high in October

Germany’s natural gas imports that are mostly bound in long-term delivery contracts rose to at least a two-year high during October. This was because the import price moved to a discount compared to volume bought over-the-counter (OTC) during the second half of the month.

The German Federal Office of Economics and Import Control recorded a total 114TWh imported during October, 19% more than during September and 4% more than in the same month a year ago.

ICIS looks at the price interrelationship between German OTC hub-indexed gas and gas imported via long-term supply contracts, which are mostly oil-indexed, in the context of the recent recover oil price recovery, which has seen the Brent crude price approach $50.00/bbl.

Complete your details to access the market highlight now

All fields are required

Hello ! (Not you?)


Your Data Privacy
By completing this enquiry form you indicate your consent for us to email you information about selected products, events and services from ICIS and from carefully chosen third parties unless you object to receiving such messages by ticking the boxes below.