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EU Reaches Gas Storage Goal Early Despite Russian Supply Cut
- European Union set goal to fill reserves up to 80% by November
- Germany on track to meet national storage goal before deadline
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The European Union met its gas storage filling goal two months ahead of target as the bloc braces for a tough winter with Russia limiting supplies and energy contracts trading at elevated levels throughout the continent.
European Commission President Ursula von der Leyen celebrated the milestone on Monday, telling an audience at an energy conference in Denmark that the reserves hit an average of 80%, a target the EU had aimed to reach by Nov. 1.