European Union countries are discussing easing binding gas storage targets due to concerns about rising prices. While ...

The European Commission proposed on Wednesday retaining the EU's gas storage requirements and targets for two more years, ...

The European Commission wants the two-year extension to help ensure energy security but has also issued a recommendation to ...

"According to Gas Infrastructure Europe (GIE), as of February 28, the last day of the calendar winter, 39.2 billion cubic ...

Europe could need as many as 250 additional LNG cargoes to arrive in the summer to refill its inventories back up to 90%.

Adopted in June 2022 during the energy crisis, the gas storage regulation has been instrumental in ensuring sufficient gas ...

Ukraine may import large volumes of U.S. gas this year via terminals in Germany, Greece, Lithuania and Poland, its state gas ...

In the current geopolitical context and volatile situation in the global gas markets, this 2-year extension will contribute ...

Countries like Germany have pushed for a more flexible approach, complaining the targets could raise gas prices.

In contrast, Europe quickly cut out Russian gas from 45% of total imports to just 15% currently. EU member states agreed to fill underground gas storage to 80% of capacity by 1 November 2022 ...

Historically, when underground storage levels fall below the five-year average ... available supply in response to ...

The European Union is easing requirements for filling gas storage this year, allowing countries some wiggle room on meeting ...