EU Hones In on Flexible Rules to Fill Gas Storage Before Winter
The European Union is close to agreeing on more flexibility to achieve gas storage targets ahead of winter following fears that the current goal has contributed to market speculation.
EU member states and European Parliament negotiators have provisionally agreed to allow for a 10 percentage point deviation from the goal of filling facilities to 90% ahead of the heating season, according to a document seen by Bloomberg News. A further five percentage point flexibility could be used in the event of unfavorable market conditions, with the regulation set to last through 2027.
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