EU Set to Allow More Flexible Natural Gas Storage Targets ...Middle East

Negotiators from the European Parliament and the EU member states have provisionally agreed to ease the bloc’s natural gas storage targets by allowing a 10 percentage point deviation in the 90% full storage goal, Bloomberg reported on Wednesday, citing a draft document it has seen. The greater flexibility comes in response to the fears by several large gas-consuming nations in Europe that they would have to either subsidize storage filling when it’s uneconomical, or miss the targets. Countries will also be allowed a longer timeframe…

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