EU eases gas storage rules - Objective, avoiding energy price increases before winter
European Union member states have reached an agreement with the EU Parliament to ease EU rules on filling gas reserves, following concerns that previous rules risked driving up energy prices.
EU gas storage rules were introduced in 2022 to ensure EU countries had a reserve of fuel stored over the winter, after Russia cut gas supplies during the war in Ukraine, driving up gas prices in Europe.
But governments backed plans in April to ease rules before winter, as the demand to fill storage to 90% capacity by November 1 risks driving up prices.
The agreement allows EU member states to meet the 90% target at any time between October 1 and December 1. Once the 90% level is reached, it will not be necessary to maintain the same figures until December 1.
EU member states should also have the possibility to deviate by up to ten percentage points from the filling target in case of difficult market conditions.
"The European Union needs stable energy supplies and affordable prices to move forward. Gas storage is a key contributor to our security of supply and market stability. It also protects us from Russia, which uses energy as a weapon and manipulates the market," said EU Energy Commissioner Dan Jorgensen.
"In the current geopolitical context, this agreement shows that the EU remains determined to protect citizens and businesses from any risk of supply disruptions and price increases," he added.
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