European Union gas industry lobby groups are urging Brussels to relax gas storage refill targets amid the supply crunch prompted by the war in the Middle East. The EU has a refill target of 90% of storage capacity by November every year in a bid to secure sufficient supply for peak demand season in winter. The war, however, has removed a solid portion of global LNG supply, making the refilling job harder and more expensive. As a result, the International Association of Oil & Gas Producers and Eurogas have asked for more flexibility. “To…
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