REPORT FROM THE COMMISSION TO THE EUROPEAN PARLIAMENT AND THE COUNCIL on certain aspects concerning gas storage based on Regulation (EU) 2017/1938 of the European Parliament and of the Council

Summary

The EU faced energy price volatility and security concerns due to low gas storage levels, compounded by the war in Ukraine. In response, the EU implemented a Gas Storage Regulation requiring Member States to fill their gas storages to 90% by November 1st annually, using various market and regulatory measures. By November 2023, EU gas storages were 99.4% full, successfully exceeding the target and improving energy security for the winter.

Key Facts

Source Document

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