Germany and France Advocate for Lowering EU Gas Storage Target Starting Next Year
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Germany and France, along with other countries, are advocating for a reduction in the European Union's target for filling gas storages in the coming years. The current goal of having inventories at 90% capacity by November 1 aims to ensure energy security during the winter. However, some nations are concerned that this fixed target could lead to market speculation as traders rush to meet the deadline.

Countries like the Netherlands, Slovakia, and Hungary are pushing for more flexibility by proposing a lower threshold of 80% before winter. Discussions are being held to extend the storage filling rules until 2027. Germany supports a more flexible approach to storage levels to prevent market distortions and normalize conditions.

Challenges such as cold weather, low wind power generation, and disruptions in Russian gas supplies have led to a faster depletion of gas stocks this heating season. This has raised concerns about replenishing supplies, leading to price increases and wider price differentials between summer and winter contracts.

Poland, holding the EU presidency, has suggested several flexibility measures, including extending the filling deadline window from October 1 to December 1. In a recent meeting, France, Germany, and other countries pushed for more concessions. Discussions are centered on the extension until 2026 and 2027, rather than the current filling season. The European Commission insists on maintaining the overall target for energy security, while member states are working to establish a unified position before negotiations with the European Parliament.

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