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Regulation on gas storage

At a Glance 20-06-2022

On 23 March 2022, the European Commission proposed an urgent regulation on gas storage to counter the risks of an interruption of gas supplies from Russia. The Parliament and Council negotiated this regulation under an expedited procedure, with a provisional agreement reached on 19 May 2022. The Industry, Research and Energy (ITRE) Committee endorsed the agreed text, which is set for vote during the June II plenary session.

New EU regulation on gas storage

Briefing 15-06-2022

The Russian invasion of Ukraine in February 2022 has triggered serious concerns about EU energy security. The problem is particularly acute in the gas sector, where Russia is the leading third-country supplier, on which several Member States are heavily dependent. To ensure the EU is prepared for the risk of an interruption of gas supplies next winter, the Commission has proposed an urgent regulation on gas storage, requiring Member States to: fill in at least 80 % of their storage capacity by 1 ...

In February 2016 the European Commission published a communication on an 'EU strategy for liquefied natural gas and gas storage' as part of its sustainable energy security package. The Commission considers that improving the access of EU Member States to imports of liquefied natural gas (LNG), as well as developing more effective cross-border gas storage, would help to increase security of gas supply, reduce dependence on pipeline gas from a single supplier, and allow EU Member States to take advantage ...

In February 2016, the European Commission presented an EU strategy for liquefied natural gas (LNG) and gas storage, as part of its sustainable energy security package. This builds on existing EU legislation and supports closer consideration of LNG and gas storage issues in proposed or future EU legislation covering the gas sector. Some EU Member States have significant spare capacity to import LNG, whose global prices have fallen rapidly over the past two years, making it far more competitive vis-à-vis ...