• About
  • Advertise
  • Privacy Policy
  • Contact
Saturday, September 19, 2026
  • Login
The Vaultz News
  • Top Stories
  • News
    • General News
    • Education
    • Health
    • Opinions
  • Economics
    • Economy
    • Finance
      • Banking
      • Insurance
      • Pension
    • Securities/Markets
  • Business
    • Agribusiness
    • Vaultz Business
    • Extractives/Energy
    • Real Estate
  • World
    • Africa
    • America
    • Europe
    • UK
    • USA
    • Asia
    • Around the Globe
  • Innovation
    • Technology
    • Wheels
  • Entertainment
  • 20MOBPL2DNew
  • Jobs & Scholarships
    • Job Vacancies
    • Scholarships
No Result
View All Result
The Vaultz News
  • Top Stories
  • News
    • General News
    • Education
    • Health
    • Opinions
  • Economics
    • Economy
    • Finance
      • Banking
      • Insurance
      • Pension
    • Securities/Markets
  • Business
    • Agribusiness
    • Vaultz Business
    • Extractives/Energy
    • Real Estate
  • World
    • Africa
    • America
    • Europe
    • UK
    • USA
    • Asia
    • Around the Globe
  • Innovation
    • Technology
    • Wheels
  • Entertainment
  • 20MOBPL2DNew
  • Jobs & Scholarships
    • Job Vacancies
    • Scholarships
No Result
View All Result
The Vaultz News
No Result
View All Result
in Extractives/Energy

EU Approves Two-Year Extension of Gas Storage Target 

Prince Agyapongby Prince Agyapong
April 11, 2025
Reading Time: 4 mins read
Add as Preferred on Google
EU Natural Gas Storage Target

EU Natural Gas Storage Target

Representatives of European Union (EU) member states today approved the Council’s official position on extending the existing gas storage regulation, granting a two-year extension to mandatory gas reserve levels ahead of the winter season.  

The extension aims to enhance the EU’s energy security and reduce exposure to volatile gas prices, particularly in light of the continued geopolitical uncertainty stemming from Russia’s war in Ukraine. 

This position, endorsed by the Committee of Permanent Representatives (Coreper), now becomes the negotiating mandate for the rotating EU presidency to begin formal trilogue discussions with the European Parliament on shaping the final legislative text. 

“This extension provides the transparency and predictability that markets and member states need.

“It will serve as a crucial buffer against potential future supply shocks.” 

EU Council

The revised regulation requires member states to continue filling their gas storage facilities to at least 90% capacity each year before winter, extending rules initially implemented in 2022 during the height of Europe’s energy crisis. 

ADVERTISEMENT
EU Agrees to Seek Eased Natural Gas Storage Target
EU Agrees to Seek Eased Natural Gas Storage Target

According to the European Commission, gas storage facilities contribute up to 30% of the Union’s winter gas consumption. Well-stocked reserves are crucial for withstanding periods of high demand and mitigating disruptions from external supply pressures. 

The EU Council added, “The past few years have shown us how critical strategic gas storage is for maintaining both economic stability and consumer protection,” noting the tightness in the global gas market and the risk of speculative manipulation in pricing. 

By prolonging the regulation, the EU aims to maintain its defensive energy posture as it works toward building a longer-term framework for energy security. 

The Council’s updated position also introduces important flexibilities to allow member states to adapt to evolving market conditions while preserving the integrity of the internal gas market. 

ADVERTISEMENT

“If the national gas production of member states exceeds the average annual consumption over the preceding two years or in the event of slow injection rates of storage facilities with a capacity of over 40 TWh, member states may deviate by up to 5% from the filling target.” 

EU Council

The provision ensures that such deviations must not negatively impact the EU’s internal gas market or disrupt the ability of interconnected member states to serve their protected customers, such as households and essential social services. 

EU Legislative Roadmap 

EU Legislative
EU Legislative

Negotiations between the Council and the European Parliament are expected to begin in May 2025, following the Parliament’s vote on its own legislative mandate.  

ADVERTISEMENT

Once a provisional agreement is reached in trilogue discussions, the final regulation will be formally approved by both institutions and published in the EU’s Official Journal. 

If adopted, the updated rules will enter into force ahead of the 2026 gas storage season, ensuring continuity beyond the 2025 expiration of the existing mandates. 

The initial gas storage regulation was introduced in mid-2022 as an emergency measure to address disruptions in gas supply following Russia’s invasion of Ukraine.  

These obligations helped member states build strong reserves ahead of subsequent winter periods, buffering the bloc against price spikes and supply shortages. 

Despite the short-term gains, the EU continues to emphasize the importance of transitioning toward a more sustainable and renewable energy mix in the long term.  

However, officials say gas will remain a critical part of Europe’s energy portfolio until renewables can fully shoulder seasonal and industrial demands. 

The Council spokesperson added, “Member states must be able to adapt to constantly changing conditions while ensuring security of gas supply.”  

With the 2025 Summer Supply Outlook highlighting the importance of early storage refilling, the EU is poised to continue leveraging its gas storage facilities to stabilize energy prices and reduce dependence on external suppliers. 

READ ALSO: GSE Records Tepid Trading Session with Ghana Oil Company as Sole Gainer 

ADVERTISEMENT

Sign Up to Our Newsletter

Fresh updates, Straight to your inbox

Tags: EnergyEU CouncilEU Gas Storage RegulationEuropean energy securityGas market stabilitygas storage
Please login to join discussion
Previous Post

President Mahama Urges Civilian Support in Safeguarding Ghana’s Security

Next Post

US Envoy Witkoff Meets Putin

Related Posts

Ghana Gas
Extractives/Energy

Ghana Gas Targets 2027 FID For $500m West-East Pipeline

September 19, 2026
Ghana Gold Board (GoldBod) with United States Department of Treasury
Extractives/Energy

Ghana Engages US Embassy On Mineral Value Creation

September 19, 2026
Total Energies
Extractives/Energy

TotalEnergies Secures $1.8bn African Infrastructure Deal

September 18, 2026
Atlantic Lithium
Extractives/Energy

Chinese Battery Giant Clears Australian Regulatory Barrier for Ghana’s Lithium Takeover

September 18, 2026
ADVERTISEMENT

Sign Up to Our Newsletter

Fresh updates, Straight to your inbox

ADVERTISEMENT

Recent News

Freshly Harvested Made-In-Ghana Tomatoes in Baskets Ready for the Markets

Anloga-Avume Tomato Farmers Appeal for Urgent Buyers as Tonnes Rot in Volta

September 19, 2026
HE John Dramani Mahama, President of Ghana arrives in Zambia

Mahama Heads To 81st UN General Assembly With Two High-Level Side Events

September 19, 2026
image 299

Mamelodi Sundowns Beat Saudi’s Al Ahli To Advance in FIFA Intercontinental Cup

September 19, 2026
A Ghanaian holding notes

Secured Credit Jumps 73% Despite Fewer Registrations

September 19, 2026
Dr. John Osae-Kwapong, Democracy and Development Fellow, CDD-Ghana, and Project Director, the Democracy Project

Uneasy Tensions: Civility, Free Speech, and Law Enforcement in Ghana’s Democracy

September 19, 2026
ADVERTISEMENT
Next Post
US Envoy Witkoff Meets Putin

US Envoy Witkoff Meets Putin

The Vaultz News

Copyright © 2025 The Vaultz News. All rights reserved.

Navigate Site

  • About
  • Advertise
  • Privacy Policy
  • Contact

Follow Us

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Top Stories
  • News
    • General News
    • Education
    • Health
    • Opinions
  • Economics
    • Economy
    • Finance
      • Banking
      • Insurance
      • Pension
    • Securities/Markets
  • Business
    • Agribusiness
    • Vaultz Business
    • Extractives/Energy
    • Real Estate
  • World
    • Africa
    • America
    • Europe
    • UK
    • USA
    • Asia
    • Around the Globe
  • Innovation
    • Technology
    • Wheels
  • Entertainment
  • 20MOBPL2D
  • Jobs & Scholarships
    • Job Vacancies
    • Scholarships

Copyright © 2025 The Vaultz News. All rights reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.