Gas supplies – Photo EC
(BRUSSELS) – In response to Russia’s war against Ukraine, the European Parliament approved Thursday a proposal which sets a mandatory minimum level of gas in storage facilities at 80 per cent by 1 November.
The aim of the new law is to refill Europe’s strategic gas reserves more quickly before winter to ensure energy supplies are secure.
The new regulation, already agreed with EU ministers, sets a mandatory minimum level of gas in storage facilities at 80% by 1 November 2022. Member states and operators should strive to reach 85%.
The target will be 90% for subsequent years to protect Europeans from possible supply shocks. The text highlights the need for EU countries to diversify gas supply sources and boost energy efficiency measures.
Under the regulation, gas storage facilities will become critical infrastructure. All storage operators will have to undergo new mandatory certification to avoid risks of outside interference. Operators who fail to secure this certification will have to give up ownership or control of EU gas storage facilities.
“The regulation is the answer to the current situation. Gazprom is using energy supply as a weapon (…) so we’ve got our protective shield”, said MEP Jerzy Buzek, who is leading the Parliament’s negotiating team.
By August 2022, the Commission is due to issue guidance on how EU countries can jointly procure gas, to be activated voluntarily by two or more member states.
The legislation now requires the formal approval by Council before publication in the Official Journal and entry into force.
