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Dutch support to Bergermeer gas-storage facility wins approval in EU

( July 12, 2022, 09:47 GMT | Official Statement) -- MLex Summary: Dutch aid of up 406.4 million euros to support the filling of the Bergermeer gas-storage facility has won European Commission state aid approval. The commission said the support — which was cleared due to the Ukraine war — comes in the form of insurance against negative winter-summer gas price spreads. It will give companies an incentive to store natural gas at Bergermeer, shielding them from unexpected adverse price developments over the storage period this summer. The national plan will contribute to the bloc's supply security, said EU competition chief Margrethe Vestager. Statement follows. ...

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