Europe’s Gas Industry Seeks Relief From Storage Mandates
European Union gas industry lobby groups are urging Brussels to relax gas storage refill targets amid the supply crunch prompted by the war in the Middle East. The EU has a refill target of 90% of storage capacity by November every year in a bid to secure sufficient supply for peak demand season in
European Union gas industry lobby groups are urging Brussels to relax gas storage refill targets amid the supply crunch prompted by the war in the Middle East. The EU has a refill target of 90% of storage capacity by November every year in a bid to secure sufficient supply for peak demand season in winter. The war, however, has removed a solid portion of global LNG supply, making the refilling job harder and more expensive. As a result, the International Association of Oil & Gas Producers and Eurogas have asked for more flexibility. “To…