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Gas storage target watered down by EU Parliament’s energy committee

By Eleonora Rinaldi ( April 24, 2025, 11:20 GMT | Insight) -- Gas companies could see relaxed gas storage rules after a vote of the European Parliament’s energy committee today. Lawmakers voted to water down the EU's binding storage target by Nov. 1 from 90 to 83 percent to ease pressure on gas prices during the filling season and allow countries to benefit from the best purchasing conditions. The revision seeks to combat tight gas markets, more aggressive competition for LNG imports and higher price volatility.Gas companies could see relaxed gas storage rules after the European Parliament’s energy committee voted to water down the EU binding storage target by Nov. 1 from 90 to 83 percent....

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