EU Parliament Committee Backs Softer Gas Storage Rules ...Middle East

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EU Parliament Committee Backs Softer Gas Storage Rules
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The energy committee at the European Parliament supported on Thursday the EU member states’ proposal to give more flexibility to the natural gas storage goals.  The EU is seeking greater flexibility in filling targets before each winter to avoid supply shortages and price spikes.  The EU seeks to expand the period in which countries should have 90% full storage ahead of the winter.  The European Parliament’s energy committee supported a target of 83% full gas storage at any time between October 1 and December 1. If prices…

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