European Union countries are negotiating changes in future gas storage goals

European Union countries are discussing potential amendments to future gas storage goals, focusing on the obligations of filling in 2026 and 2027, ReutersQuoted from sources.

They are considering shifting from the current binding goal of reaching a storage capacity of 90 % by November 1 to a more flexible goal that allows this level to be achieved at any time between October 1 and 1 December.

These changes can also affect this year’s goal if the rules are completed and published before November 1.

Gas storage regulations were implemented in 2022 in response to the reduction of Russia’s supplies after its invasion of Ukraine, ensuring that the European Union countries maintain a reserve of fuel stored for the winter months.

A negotiation document published by Poland, which bears the presidency of the European Union, confirmed that the planned changes will be applied from the next day published in the official magazine of the European Union.

The report said that the European Union countries aim to reach a consensus on their group site next week, after which they will need to negotiate the final legislation with the European Parliament.

According to the European Union diplomat, it may take months until the rules are agreed and published as a European Union law, which probably affects the goal of filling November, but the other goals of the previous months will remain unchanged.

The European Union also has gas storage goals for February, May, July and September, which may become voluntary in the coming years.

Negotiations are ongoing, and the influence can be on the goals of 2025, as well as other proposed adjustments, vulnerable to change.

The European Commission originally sought to expand the current system of binding goals for an additional two years, but it faced opposition from Germany, France and the Netherlands.

Countries prefer more relaxed bases due to fears that fixed goals can rise gas, indicating the market that European buyers are required to buy large quantities through the specified final dates, which may lead to price manipulation.

The latest document showed that member states can deviate by up to five percentage points of 90 % requirements in the case of “unsuccessful” market conditions.

“The European Union countries are negotiating changes on future gas storage goals” that were originally created and published Marine technologyThe brand owned by Globaldata.

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