EU Parliament Endorses Eased Natural Gas Storage Targets

The European Parliament approved on Tuesday eased rules and targets for natural gas storage refills in the EU in a move aimed at preventing price spikes. Earlier this year, the EU member states agreed to ease the bloc’s natural gas storage targets by allowing a 10 percentage point deviation in the 90% full storage goal. The greater flexibility comes in response to the fears of several large gas-consuming nations in Europe that they would have to either subsidize storage filling when it’s uneconomical or miss the targets. The new targets…Weiter zum vollständigen Artikel bei OilPrice.com Weiter zum vollständigen Artikel bei OilPrice.com