LNG Supplies: Germany receives second Algerian shipment amid storage concerns

Germany imported 74,000 tonnes of Algerian liquefied natural gas (LNG) in October, marking the second delivery from Sonatrach following an initial shipment of 50,000 tonnes three months prior. This Algerian cargo accounts for roughly 17% of Germany's October LNG imports, which saw a 27% year-on-year decline due to Asian market competition. Meanwhile, Germany's gas reserves have raised concerns, reaching only 61.5% capacity by November 1st, falling short of the 70% regulatory target. While the Ministry of Economy maintains that winter supplies are guaranteed, attributing the shortfall to supply disruptions and price spikes, industry observers express doubts. Energy cooperation between Algeria and Germany has grown significantly since the inaugural 2024 contract between Sonatrach and VNG, leading to a new agreement in July to boost gas deliveries starting in 2027.