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

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EU Set to Allow More Flexible Natural Gas Storage Targets
source : OILPRICE ( Middle East ) () 45
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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