EU Agrees to Seek Eased Natural Gas Storage Target

European Union member states on Friday agreed to give more flexibility to the natural gas storage goals by expanding the period in which countries should have 90% full storage ahead of the winter and could deviate by up to 10% from the filling target. The EU supported the European Commission’s proposal to extend the gas storage regulation by two years.

But EU member states also want more flexibility in reaching the filling target to avoid price spikes if market conditions are tight. Today, the representatives of the EU member states approved…