Group of EU Nations Holds Talks on Relaxing Gas Storage Targets
- EU target is 90% by Nov. 1 under rules made in energy crisis
- European Commission would like to renew filling target
Storage silos for liquid natural gas at the Yukonhaven terminal at the Port of Rotterdam in Rotterdam, Netherlands.
Photographer: Peter Boer/BloombergThis article is for subscribers only.
A group of European countries that hold the biggest reserves in the region have held early stage and informal talks about softening refilling targets after 2025 amid concerns that high prices are making it unprofitable to store gas.
European Union rules requiring storage to be 90% full by Nov. 1 expire at the end of this year. The European Commission has made clear that it would like to continue the requirement for Nov. 2026 but there are discussions among a group of countries including Germany, Italy, and the Netherlands to support a relaxation of the target.