European Union officials are concerned that low gas storage levels—depleted to under 30 percent capacity by March due to an unusually cold winter—could trigger a competitive rush to refill reserves before the winter deadline, driving up prices and benefiting traders. Some EU member states are considering invoking exemptions or requesting the Commission lower the mandatory 90 percent storage target by up to 30 percent to ease pressure on prices and coordinate purchases.
Otto Beta
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European Union officials are concerned that low gas storage levels—depleted to under 30 percent capacity by March due to an unusually cold winter—could trigger a competitive rush to refill reserves before the winter deadline, driving up prices and benefiting traders. Some EU member states are considering invoking exemptions or requesting the Commission lower the mandatory 90 percent storage target by up to 30 percent to ease pressure on prices and coordinate purchases.