The European Commission is preparing to propose an extension of mandatory natural gas storage targets until 2027 to address ongoing supply concerns and enhance energy security.
Introduced during the 2022 energy crisis, the current gas storage framework aims to ensure sufficient reserves for winter. These rules, initially set to expire in 2025, may now be prolonged following a draft proposal expected in the coming weeks, according to Bloomberg sources.
The proposal requires approval from EU member states and the European Parliament, with a decision anticipated by June 2025.
Key Storage Targets
The EU’s primary goal is for underground gas storage facilities to reach 90% capacity by November each year, with interim benchmarks set for February, May, July, and September. These measures are critical for mitigating risks of supply shortages during peak demand periods.
Context and Challenges
European gas reserves have been depleting faster than expected this winter, driving up prices and emphasizing the need for robust storage policies. Germany’s market operator, Trading Hub Europe, is exploring subsidies to replenish inventories, while Italy has announced plans for an early start to its storage refilling efforts.
The extension proposal highlights ongoing concerns over supply stability, particularly as Europe continues to adapt to reduced pipeline imports from Russia.
Next Steps
If implemented, the extended storage targets will provide a stronger framework for addressing energy volatility, supporting the EU’s broader climate and energy security goals.
