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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 ...

This briefing provides an initial analysis of the strengths and weaknesses of the European Commission's impact assessment (IA), accompanying the above-mentioned proposals, adopted on 15 December 2021 and referred to the European Parliament's Committee on Industry, Research and Energy. The Commission proposals to recast the 2009 Gas Regulation (EC) 715/2009 on conditions for access to the natural gas transmission networks and Directive 2009/73/EC on common rules for the internal market in natural ...

Russia remains Europe's largest supplier of coal, oil, and gas. This poses a particular difficulty for the EU and its Member States, which are urgently seeking to reduce their energy dependence. This is not only necessary to pressure Russia economically to end its invasion of Ukraine, but also to prevent Russia from weaponising its energy supplies and threatening Europe’s energy security in future. Replacing Russian natural gas will be much more difficult than replacing oil and coal, due to differences ...

Russia's war on Ukraine and the linked issue of energy security constituted the clear focus of the European Council meeting held on 24 25 March 2022. The meeting included a joint session with the President of the United States of America, Joe Biden, and it formed part of a trilogy of summit meetings in Brussels (NATO, G7 and EU) demonstrating Western unity in support of Ukraine and in response to President Vladimir Putin's unacceptable violation of international law. The main outcomes of the meeting ...

On 24-25 March 2022, EU Heads of State or Government will meet for the third time in five weeks. In the presence of the United States President, Joe Biden, they will discuss developments in and support for Ukraine, in the context of the unprovoked Russian invasion of the country. Building on their Versailles Declaration of 10-11 March, EU leaders will take further steps aimed at strengthening European sovereignty in the field of security, defence and energy security. As regards security and defence ...

On 15 December 2021, the Commission presented a proposal to regulate methane emissions reductions in the energy sector. The proposal is part of the second batch of proposals in the 'fit for 55' package, aiming to align EU climate and energy laws with the EU Climate Law's 2030 target. The proposal aims to address gaps in current legislation: those relating to methane emissions from upstream exploration and the production of oil and fossil gas, but also those from the gathering and processing of fossil ...

On 15 December 2021, the European Commission adopted a legislative proposal to recast the 2009 EU Gas Directive, as part of the proposed hydrogen and decarbonised gas markets package. This reflects the EU's growing climate ambitions, set out in the European Green Deal and its 'Fit for 55' package. The Commission's proposal aims to support the decarbonisation of the energy sector by ramping up the production of renewable gases and hydrogen, and facilitating their integration in EU energy networks. ...

On 15 December 2021, the European Commission adopted a major revision (recast) of the Energy Performance of Buildings Directive (EPBD), as part of the ‘Fit for 55’ package. The latter consists of several legislative proposals to meet the new EU objective of a minimum 55 % reduction in greenhouse gas (GHG) emissions by 2030 compared to 1990. It is a core part of the European Green Deal, which aims to set the EU firmly on the path towards net zero GHG emissions (climate neutrality) by 2050. The recast ...

The revision of the Energy Taxation Directive (ETD) is part of the 'fit for 55' package. The current ETD (Directive 2003/96/EC) is outdated and out of sync with the EU's climate and energy objectives. It favours the use of fossil fuels and no longer contributes to the proper functioning of the internal market. The aspects of energy taxation requiring most urgent revision are the level and structure of minimum rates, replacement of the volume-based approach to energy taxation with one based on energy ...

This briefing provides an initial analysis of the strengths and weaknesses of the Commission’s impact assessment (IA) accompanying the above-mentioned proposal, submitted on 14 July 2021 and referred to the European Parliament’s Committee on Industry, Research and Energy (ITRE). The proposal for a recast Energy Efficiency Directive (EED) is part of the Commission’s ‘Fit for 55’ package that aims to adapt EU law to the new EU objective of a minimum 55 % reduction in greenhouse gas (GHG) emissions ...