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European Parliament approves EU gas storage flexibility

Summary by The Sofia Globe
With 425 votes in favour, 106 against and 43 abstentions, the European Parliament approved on May 8 a European Commission proposal to extend the EU’s 2022 gas storage scheme until December 31 2027.…
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On 8 May 2025, the EP voted in favour of increased flexibility in the mandatory filling of gas storage tanks in order to curb speculation on the gas market and reduce prices. {/mprestriction} With 425 votes in favour, 106 against and 43 abstentions, Parliament approved the Commission's proposal to extend the EU gas storage system from 2022 to 31 December 2027; otherwise it would have expired at the end of 2025. The scheme is intended to ensure s…

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The Sofia Globe broke the news in on Thursday, May 8, 2025.
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