News

EU Keeps Natural Gas Storage Targets Intact, but Opts for More Flexibility

Natural Gas Intelligence · last updated

The European Commission (EC) this week proposed extending natural gas storage targets through 2027 that have helped the continent build inventories ahead of winter for the last three years.

Image showing a comprehensive market analysis of the European Union’s gas storage levels with graphs representing trends in inventories, highlighting key insights into energy market dynamics and gas data projections for the near future.

The European Union’s (EU) executive arm did not ease the ultimate target of having storage filled to 90% of capacity by November amid speculation that it would do so. The commission said it instead would be more flexible with member countries that fail to keep pace with the target.

“Gas storage has shielded EU citizens from the risk of supply disruptions and this is why it is crucial that we continue with this tool,” said Dan Jorgensen, commissioner for energy and housing. “However, member states need sufficient flexibility to fill the storage throughout the summer under the best conditions. We are recommending this flexibility today to avoid market distortions in the current situation and reduce the stress in the market.”

View full article

here today, more tomorrow

We’ve launched briefing.center with a focus on the press and media.

And we’ve added Citizen Cartwright, a daily quick-read news summary by veteran Washington journalist Linda Cartwright. We’ve also created a new voting rights knowledge center for Citizen Cartwright subscribers. (You can sign up for a dedicated morning email at citizencartwright.com.)

You can sign up here for full access to press and media and Citizen Cartwright on briefing.center.

You can use briefing.center as the center of your information management, or just one of your tools. We’re happy to discuss your information needs.

Sign up