On Wednesday 5 March, the European Commission proposed a two-year extension, until the end of 2027, of the regulation on gas storage in order to contribute to the EU’s security of supply, while stressing the need for flexibility so that the Member States can achieve the target of 90% gas storage capacity by 1 November, against a backdrop of volatility on the gas markets.
Since the adoption of the amended regulation in 2022, the EU has always achieved the 90% target before the deadline...