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EU member states urged to lower gas-storage targets due to Iran war
- The European Commission has asked EU member states to lower their natural gas storage targets to 80% capacity, 10 percentage points below the usual goal, to manage demand amid the Iran war crisis.
- Gas prices in Europe surged up to 35% following Iranian and Israeli strikes on key Middle Eastern gas infrastructure, causing long-term repair challenges.
- Energy Commissioner Dan Jorgensen emphasized the EU's energy supply remains relatively protected but called for early and gradual refilling of gas reserves to reassure market participants during the conflict.
- The European Commission advised governments to be flexible in enforcing EU rules on gas imports to stabilize supply during the Iran conflict and balance the phasing out of Russian energy.
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26 Articles
26 Articles
The EU Commission lowers the target for filling gas storage tanks due to the Iran war from 90 to 80 percent.
·Germany
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The Ministers for Energy of the Union have been instructed not to rush back into reserves and to exercise flexibility.
·Turin, Italy
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The war in the Middle East is burdening the energy markets. The EU Commission is now reacting with an unusual step in terms of gas storage requirements.
Al ArabiyaReposted by 
The Hindu Business Line
The Hindu Business LineEU member states urged to lower gas-storage targets due to Iran war
·Saudi Arabia
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Zeit Online+2 Reposted by 2 other sources
Here you can find information on the topic "Energy prices". Read now "Iran War: EU countries should lower filling target for gas storage".
·Germany
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The ongoing Iran war makes the concerns about a further rise in gas prices grow. The EU Commission is now responding.
Coverage Details
Total News Sources26
Leaning Left5Leaning Right4Center4Last UpdatedBias Distribution38% Left
Bias Distribution
- 38% of the sources lean Left
38% Left
L 38%
C 31%
R 31%
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